The People's Pension Annuity 0.5% Pn

31/12/2018

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

This fund is suitable for those approaching retirement and looking to buy an annuity (a regular income, usually for life). It aims to protect against the effect of falls in the level of annuity rates.

Performance

Cumulative Performance

ResetPerformance line chart
Powered by data from FE
1 Month6 Months1 Year3 Years5 Years10 Years
Fund2.42%-2.09%-3.82%
Sterling Long Bond2.75%-0.97%-1.18%20.34%46.06%96.94%
Rank344

Discrete Performance

Performance Bar chart
Powered by data from FE
Year 1Year 2Year 3Year 4Year 5
Fund-3.82%5.30%
Sterling Long Bond-1.18%3.45%17.72%0.03%21.34%
Rank41

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

A small number central banks including the US Federal Reserve increased interest rates in the quarter, however future raises have been put in doubt due to falling growth. Gilt yields were volatile through the quarter but performed well in the end, posting a positive return and outpacing eurozone debt. Global government bonds posted positive returns for the first time in three quarters lead by returns from the US. Corporate bond returns were not as favourable with tighter liquidity requirements, increasing geopolitical risk, and signs of a growth slowdown hurting the asset class.