The People's Pension Pre-Retirement 0.5% Pn

31/05/2019

Important Notes This document is provided for the purpose of information only and should not be construed in any way as giving investment advice. Past performance is not necessarily a guide to future performance, as the value of the units may go up or down and any return is not guaranteed. The price of the units can be monitored on our website at bandce.co.uk/fund-unit-prices

Investment objective

The B&CE Pre-Retirement Fund seeks to provide a balance between capital growth and capital preservation and is intended to be suitable for UK pension scheme members who are approaching retirement and have not yet decided what they want to do with their investments at retirement. The fund aims to achieve a return of approximately 1% (before deduction of fees) in excess of Consumer Price Index inflation, over the medium term.

Performance

Cumulative Performance

ResetPerformance line chart
Powered by data from FE
1 Month6 Months1 Year3 Years5 Years10 Years
Fund0.55%4.57%2.79%21.63%44.17%
Mixed Investment 0-35% Shares0.21%2.69%0.79%15.33%26.51%85.51%
Rank22211

Discrete Performance

Performance Bar chart
Powered by data from FE
Year 1Year 2Year 3Year 4Year 5
Fund2.79%1.14%16.99%5.00%12.89%
Mixed Investment 0-35% Shares0.79%1.30%12.96%1.44%8.13%
Rank22111

Contact information

The People’s Pension Trustee Limited
Manor Royal, Crawley, West Sussex, RH10 9QP.
Tel 0300 2000 555 Fax 01293 586801
www.thepeoplespension.co.uk

Market commentary

Equity markets made exceptional gains in the quarter with many markets clawing back the large falls seen the previous quarter. North American, Real Estate and the Multi Factor holdings all saw gains of more than 10% while Japan lagged behind with gains of 4% over three months. Sterling strengthened against other leading currencies making the returns all the more impressive. The Parliamentary deadlock increased hopes of a softer Brexit. UK economic growth came in at the lowest rate for several years but the employment market remained strong. Against this backdrop of mixed economic data and political uncertainty the Bank of England kept rates on hold. Bond also saw healthy gains with Gilts outperforming UK corporate bonds. Monetary policy was softened in the US and Eurozone after mounting concerns seen at the end of 2018. Commodities were helped by stabilisation in the Chinese economy. Brent crude prices rose 27% as exporters tightened supply.