Property News · July 2, 2016

Don’t panic – yet. The Brexit vote has had a surprise effect on pension funds


The markets went into meltdown and the pound sank against the dollar but giant pension funds have been largely unaffected, with some even reporting gainsDid Brexit shrink your pension? Markets went into meltdown last Friday following the shock result, but early figures on its impact on UK pension funds make for remarkable reading. Rather than collapsing, many of the giant funds that contain the savings of millions of workers have barely changed, with many going up in value.Aviva’s £39bn with-profits fund, the biggest single pension fund in the UK, went up slightly in value over the week. The second biggest pension fund, Standard Life’s £20bn Managed Pension, was up by 2.1%. Continue reading…

Source : theguardian.com
Read more…Don’t panic – yet. The Brexit vote has had a surprise effect on pension funds

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