imageDespite some distinctly high-profile instances of economic and political uncertainty during the course of 2016, Moneyfacts data showed the average pension fund finished the year up by 15.7% – 13.1 percentage points higher than in 2015, when pension fund growth was just 2.6% on average.

This is the fifth consecutive year of positive pension fund growth and, Moneyfacts said, would be welcome news to those saving into a defined contribution pension scheme, as well as to the growing number of retirees who remain invested in pension funds by opting for income drawdown.

Of all the pension funds surveyed, the great majority (94%) delivered positive growth during 2016. In terms of the leading ABI pension fund sectors, Commodity/Energy (70.9%), Global Emerging Markets (32.4%) and North America Equities (31.2%) led the way.

  Prof.Adviser / property118 / Moneyfacts