The People's Pension Annuity 0.5% Pn

31/03/2019

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

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
Fund4.94%7.28%4.01%
Sterling Long Bond4.45%7.35%4.76%20.47%50.18%118.92%
Rank234

Discrete Performance

Performance Bar chart
Powered by data from FE
Year 1Year 2Year 3Year 4Year 5
Fund4.01%1.66%
Sterling Long Bond4.76%1.31%13.50%0.92%23.53%
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

While Brexit uncertainties continued to weight on the economy, macro data surprised to the upside in March, with record-low unemployment and better than expected GDP growth and retail sales. Inflation nudged higher but remained below the Bank of England’s 2% target. Against this backdrop of mixed economic data and political uncertainty the Bank of England kept rates on hold. 30 year gilt yields fell to 1.55% (a level last seen in 2016) and 10 year yields reached 1.00%.