Get more! Sign up for PLANSPONSOR newsletters.
Investing March 20, 2002
Use of Benchmarks Explodes in UK
March 20, 2002 (PLANSPONSOR.com) - The trend of UK
pension administrators adopting fund specific benchmarks to
measure performance, ballooned during the 1990s to nearly 70%
by 2001, according to a Russell/Mellon CAPS pension
survey.
Reported by Fred Schneyer
According to the survey, 4% of pension funds had a benchmark guideline in 1990, nearly 70% had one at year-end 2001.
The study found that last year, 59% of plans managed to outperform their self-prescribed targets by an average 0.3%, according to Russell/Mellon.
Researchers predicted that every UK pension fund will adopt their own benchmark within the next 24 months.