View more on these topics

UK pension performance hits a flat note

UK pension fund returns fell flat at the start of the year, according to

performance measurement consultant The WM Company.

Pension fund returns stood at -0.4 per cent in the first quarter of this

year but still outperformed the UK equity index on average.

Returns on the indexwere -3.4 per cent over the same period.

The quiet beginning to the year followed a period of “tremendous growth”

in the last quarter of 1999. Returns in the year to March 31, 2000 totalled

14.1 per cent.

WM, a member of the Deutsche Bank Group, measures investment portfolios

based in the key global investment centres.

The consultant produces a major annual survey of pension fund performance.

Executive director Peter Warrington says: “Returns for the beginning of

2000 are like the calm after the storm of 1999.

“However, pension managers on average outperformed the UK equity index in

their battle with considerable stock volatility from month to month – not

an easy quarter to navigate for active managers.”


Stakeholder is stoking GPPs

Now that we have the final DSS stakeholder regulations it is possible tostart drawing conclusions about the relative attractions of stakeholder andgroup personal pensions from the viewpoint of a small or medium-sizedemployerIt is hard to escape the conclusion that stakeholder is loaded up withhassles for smaller employers.Hassle number one is with-profits. Given the Government&#39s target […]

Misys networks to recruit Colonial salesforce

Misys networks Kestrel and IFA Network plan to recruit 350 of the Colonialsalesforce franchisees left jobless after Winterthur&#39s takeover ofColonial Life.If all 350 are recruited, the number of registered individuals in theMisys stable would rise to nearly 5,000.The networks say they were inundated with calls from the franchiseesinterested in joining following the £332m takeover of […]

Widows&#39 UK equities chief Corless is ousted

Scottish Widows head of UK equities Mike Corless has been sacked less thantwo weeks before the merger of Widows&#39 investment arm Swim with Hill SamuelAsset Management.Corless, who was appointed to the post four months ago, was dismissed as aresult of poor investment performance. He had been with the firm sincejoining from Threadneedle in 1996.Corless is […]

Independent View

The Government&#39s stakeholder proposals include a limit to charges, whichhas already forced down charges on existing pension products.Whether the consequent reduction in commission defeats the Government&#39sintentions regarding distribution of stakeholder remains to be seen.After attending many industry seminars, it is clear that large numbers ofIFAs do not intend providing, on a much reduced level of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm