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.
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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.

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Researchers predicted that every UK pension fund will adopt their own benchmark within the next 24 months.


 

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