Despite optimistic reports in yesterday’s pensions news that warned consumers not to worry about the impact of recent stock market problems on the state of their pensions, fresh figures today indicate an all-time low for pensions funds.
According to the latest survey by CAPS, poor returns and movements amongst managers have resulted in major falls for both North American and European Equities . Poor performance amongst pension funds, and a trend in moving money away from the sector is hitting equities hard.
What this means is a new low for equity weightings in pension funds, down to 45.1% over the course of July. The figure indicates a pensions industry hit hard by recent stock market downturns and the collapse of the US sub-prime mortgage lending market.
All time pensions low
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All time pensions low
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1998 - 2008 UK Pensions - Planning before, at the onset and during retirement.
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