Managed pension funds continue to outperform with-profits funds over five and ten years according to Bacon & Woodrow's latest survey of additional voluntary contributions.
The average unit-linked managed fund has returned 10.6 per cent annually over five years compared to 9.8 per cent for with-profits funds.
Over ten years unit-linked managed funds have returned 11.3 per cent a year compared to with-profits funds which returned 11 per cent over the same period.
But, for individual funds over five and ten years the top overall performers were both with-profits funds. Clerical Medical topped the five year returns with 15.7 per cent a year. This compares to top unit-linked managed fund from Scottish Equitable which returned 13.2 per cent a year.
For ten years the top with-profit fund again beats the top unit-linked managed fund. CIS's with profit fund has returned 14.4 per cent a year over the period compared to 12.9 per cent a year from the leading unit-linked fund from Scottish Equitable.