The People's Pension Annuity 0.5% Pn

31/10/2018

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
Fund0.66%-1.12%-0.31%
Sterling Long Bond1.31%0.54%1.38%20.39%40.95%116.58%
Rank444

Discrete Performance

Performance Bar chart
Powered by data from FE
Year 1Year 2Year 3Year 4Year 5
Fund-0.31%2.77%
Sterling Long Bond1.38%1.44%17.07%6.46%9.97%
Rank42

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 number of central banks including the US, Canada, UK, and Norway increased interest rates in the third quarter contributing to a lowering bond prices. Concerns from the EU over the new Italian government’s budget added to the volatility of their bond market leading to a sharp yield rise and contributed to an underperformance of Eurozone assets. US Corporate bonds performed well this quarter and outpaced their Treasury counterparts spurred on by robust economic growth and earnings data. Yields on long-dated UK corporate bonds and Gilts rose in the third quarter.