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Pension schemes’ returns jump to 28 percent in 2024
Equities investments gave a return of 51.6 percent in the period, while fixed income securities offered total returns of 26.8 percent, while offshore assets returned negative two percent.
Pension savers are set to reap big after their funds recorded the highest annual returns in 12 years, backed by a good performance from equities and fixed income investments.
A survey of pension returns done by fund administrator Zamara shows that the average annual return for pension funds stood at 28.8 percent last year, up from 1.6 percent in 2023.
