| PENSION FUND PERFORMANCE COMPARISONS - 2006 | TABLE 2 | TABLE 2 | ||||||||||||||||||||||||||||||||||||||||
| (Eligibility: Balanced Managed Fund, 10 year performance record, fund size > £350 million in 2006) | ||||||||||||||||||||||||||||||||||||||||||
| Name of Managed Fund | Fund Size (£m) | 5-Year Average annual investment growth | Investment growth in calendar year | 5-years | 10-years | 15-years | Annual growth (%) in calendar year: | 10-year | 1998 performance | 1999 performance | ||||||||||||||||||||||||||||||||
| 1-Jan-06 | 2001-6 | 1996-2001 | 1991-96 | 2005 | 2004 | 2003 | 2002 | 2001 | average | average | average | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | record | basic | b/o | net | gross | size | ||||||||||||
| SJP/THSP Managed | £1,325 | 6.6% | 15.4% | 24.7% | 12.3% | 25.5% | -14.3% | -8.6% | 6.6% | 10.9% | 6.8% | SJP/THSP Managed | ||||||||||||||||||||||||||||||
| SJP Invesco Perpetual Mgd | £377 | 3.4% | 9.7% | 21.6% | 14.8% | 16.8% | -14.7% | -15.1% | 3.4% | 6.5% | SJP Invesco Perpetual Mgd | |||||||||||||||||||||||||||||||
| Zurich Managed (Allied Dunbar) | £12,280 | 3.2% | 10.8% | 14.7% | 20.9% | 9.7% | 16.8% | -17.0% | -8.8% | 3.3% | 7.0% | 9.5% | -1.6% | 21.0 | 13.1 | 13.5 | 9.6 | 16.7 | -5.3 | 28.0 | 16.9 | 19.4 | -11.2 | 26.9 | 9.0 | Zurich Managed (Allied Dunbar) | 1 | 7.5% | 5.25% | 15.0% | 21.0% | £10,567 | ||||||||||
| Standard Life Managed | £11,116 | 2.8% | 2.8% | 21.5% | 10.3% | 17.9% | -18.3% | -11.2% | 2.8% | 2.8% | * | -5.8% | 18.8 | 14.1 | 14.1 | 9.2 | 20.1 | -5.8 | 27.2 | 17.2 | 19.1 | -12.0 | 29.3 | 12.1 | Standard Life Managed | 1 | 8.4% | 5.25% | 12.9% | 18.8% | £5,013 | |||||||||||
| Abbey Life Managed | £3,200 | 2.6% | 8.1% | 15.8% | 19.5% | 9.8% | 17.2% | -15.6% | -12.3% | 2.6% | 5.3% | 8.7% | -6.2% | 15.5 | 12.2 | 10.5 | 10.0 | 15.3 | -5.3 | 31.6 | 20.7 | 19.2 | -12.2 | 30.7 | 10.6 | Abbey Life Managed | 1 | 6.6% | 5.25% | 9.7% | 15.5% | £3,363 | ||||||||||
| Scottish Widows Mixed 2 | £2,328 | 2.6% | 2.6% | 19.9% | 8.8% | 15.7% | -17.5% | -8.8% | 2.6% | 2.6% | -4.4% | 17.8 | 12.9 | 15.9 | 7.9 | 17.7 | -7.2 | 22.6 | 14.4 | 12.9 | -11.8 | 31.9 | 9.7 | Scottish Widows Mixed 2 | 1 | 7.3% | 5.25% | 11.9% | 17.8% | £1,117 | ||||||||||||
| Barclays Managed | £2,801 | 2.4% | 10.7% | 13.2% | 18.8% | 9.5% | 16.8% | -17.4% | -10.1% | 2.5% | 6.5% | 8.7% | -3.4% | 17.8 | 16.3 | 15.2 | 9.9 | 17.1 | -6.0 | 26.5 | 17.4 | 14.7 | -13.5 | 24.0 | 13.5 | Barclays Managed | 1 | 10.5% | 5.25% | 11.9% | 17.8% | £2,591 | ||||||||||
| HSBC Life Balanced | £1,270 | 2.4% | 10.3% | 13.4% | 19.6% | 8.2% | 17.7% | -16.5% | -11.3% | 2.4% | 6.3% | 8.6% | -5.6% | 20.5 | 12.9 | 12.6 | 10.2 | 18.9 | -5.2 | 17.9 | 9.1 | 14.1 | -22.9 | 34.3 | HSBC Life Balanced | 1 | 7.3% | 5.25% | ** | 20.5% | £375 | |||||||||||
| Skandia Balanced | £762 | 2.3% | 13.2% | 13.7% | 21.9% | 9.5% | 16.9% | -20.5% | -9.8% | 2.3% | 7.6% | 9.6% | -4.1% | Skandia Balanced | ||||||||||||||||||||||||||||
| Pru Managed A ** | £1,794 | 2.3% | 8.6% | 15.2% | 19.6% | 8.1% | 16.5% | -18.4% | -9.0% | 2.1% | 5.3% | 8.5% | -1.9% | 17.9 | 11.2 | 10.4 | 6.1 | 17.1 | -3.0 | 31.8 | 17.9 | 9 | -12.6 | 28.1 | 14.8 | Pru Managed A ** | 1 | 5.7% | 5.25% | 12.0% | 17.9% | £1,338 | ||||||||||
| Norwich Union Balanced | £2,545 | 2.2% | 11.6% | 14.8% | 19.8% | 10.4% | 17.3% | -18.7% | -11.6% | 2.2% | 6.8% | 9.4% | * | -2.8% | 23.9 | 13.8 | 15.7 | 9.7 | 19.2 | -5.5 | 24.7 | 20.6 | 17.1 | -8.7 | 26.8 | 15.2 | Norwich Union Balanced | 1 | 8.1% | 5.25% | 17.7% | 23.9% | £1,447 | |||||||||
| Sun Life of Canada Uni Managed | £845 | 2.0% | 10.6% | 12.6% | 20.9% | 9.2% | 13.6% | -17.2% | -11.0% | 2.0% | 6.2% | 8.3% | -1.2% | 18.2 | 12.7 | 15.1 | 6.2 | 10.9 | -3.0 | 29.8 | 12.6 | 11.6 | -6.8 | 20.4 | 19.2 | Sun Life of Canada Uni Managed | 1 | 7.1% | 5.25% | 12.3% | 18.2% | £643 | ||||||||||
| Target Managed | £644 | 2.0% | 9.5% | 12.4% | 19.0% | 9.3% | 15.5% | -17.0% | -11.6% | 2.0% | 5.7% | 7.9% | Target Managed | |||||||||||||||||||||||||||||
| Lincoln Schroders | £392 | 2.0% | 10.2% | 16.2% | 18.7% | 10.6% | 18.3% | -19.5% | -11.9% | 2.0% | 6.0% | 9.3% | Lincoln Schroders | |||||||||||||||||||||||||||||
| RSA Managed (ex SA) | £1,900 | 1.9% | 11.9% | 15.4% | 20.2% | 10.6% | 17.0% | -21.0% | -10.6% | 1.9% | 6.8% | 9.6% | * | -6.4% | 23.1 | 15.2 | 18.2 | 11.3 | 20.5 | -4.9 | 28.2 | 18.6 | 16.5 | -12.6 | 25.1 | 9.9 | RSA Managed (ex SA) | 1 | 9.5% | 5.25% | 17.0% | 23.1% | £1,719 | |||||||||
| Hill Samuel Managed | £658 | 1.8% | 10.2% | 19.3% | 9.6% | 15.9% | -16.7% | -13.4% | 1.8% | 5.9% | -3.7% | Hill Samuel Managed | ||||||||||||||||||||||||||||||
| Lloyds TSB Managed | £4,445 | 1.8% | 10.0% | 13.5% | 19.2% | 7.6% | 15.3% | -16.6% | -11.5% | 1.8% | 5.8% | 8.3% | -5.1% | 19.1 | 15.4 | 14.2 | 8.4 | 16.1 | -6.5 | 24.6 | 16.2 | 19.3 | -8.0 | 30.0 | 17.0 | Lloyds TSB Managed | 1 | 9.6% | 5.25% | 13.2% | 19.1% | £4,488 | ||||||||||
| Abbey National Managed | £382 | 1.4% | 11.6% | 18.9% | 9.3% | 14.4% | -18.4% | -11.5% | 1.4% | 6.4% | -7.9% | |||||||||||||||||||||||||||||||
| Lincoln Balanced Managed 3 | £1,209 | 1.3% | 9.3% | 14.1% | 16.5% | 7.1% | 16.7% | -17.6% | -11.3% | 1.3% | 5.2% | 8.1% | -3.9% | 18.2 | 12.4 | 13.6 | 7.8 | 14.2 | -5.1 | 28.8 | 17.8 | 17.9 | -11.9 | 25.8 | 12.9 | Lincoln Balanced Managed 3 | 1 | 6.8% | 5.25% | 12.3% | 18.2% | £1,183 | ||||||||||
| Scottish Life Managed | £2,119 | 1.1% | 10.7% | 13.8% | 19.0% | 8.7% | 13.7% | -16.7% | -13.8% | 1.1% | 5.8% | 8.4% | -2.5% | 20.1 | 14.8 | 12.6 | 9.4 | 17.9 | -5.7 | 26.0 | 19.2 | 15 | -12.5 | 27.0 | 11.8 | Scottish Life Managed | 1 | 9.1% | 5.25% | 14.1% | 20.1% | £830 | ||||||||||
| Scottish Equitable Mixed | £6,790 | 1.0% | 10.0% | 14.0% | 19.2% | 8.4% | 15.2% | -19.6% | -12.1% | 1.0% | 5.4% | 8.2% | -6.2% | 16.8 | 14.1 | 16.7 | 10.6 | 16.5 | -4.6 | 33.1 | 13.3 | 14.5 | -13.7 | 35.4 | 10.2 | Scottish Equitable Mixed | 1 | 8.4% | 5.25% | 11.0% | 16.8% | £5,729 | ||||||||||
| FP Balanced Mixed (ex NM) | £378 | 0.8% | 11.7% | 11.6% | 20.4% | 10.3% | 16.6% | -22.1% | -13.9% | 0.8% | 6.1% | 7.9% | * | -4.9% | 22.1 | 16.2 | 17.0 | 10.6 | 20.2 | -5.6 | 25.7 | 21.7 | 16.4 | -8.5 | 29.2 | 11.5 | FP Balanced Mixed (ex NM) | 1 | 16.2% | 0.00% | 22.1% | 22.1% | £260 | |||||||||
| CanLife MultiInv | £775 | 0.7% | 9.7% | 13.4% | 18.7% | 7.9% | 17.7% | -20.4% | -13.5% | 0.7% | 5.1% | 7.8% | -3.1% | 21.2 | 8.0 | 12.6 | 10.9 | 15.3 | -8.2 | 28.4 | 19.6 | 14.6 | -11.9 | 27.9 | 16.3 | CanLife MultiInv | 1 | 2.6% | 5.25% | 15.2% | 21.2% | £733 | ||||||||||
| Friends Prov Managed | £3,550 | 0.5% | 11.9% | 14.7% | 20.1% | 10.1% | 16.4% | -22.0% | -14.4% | 0.6% | 6.1% | 8.9% | -5.5% | 23.5 | 17.0 | 16.2 | 12.4 | 16.5 | -6.1 | 27.2 | 23.6 | 15.2 | -15.4 | 26.1 | 13.1 | Friends Prov Managed | 1 | 11.2% | 5.25% | 17.3% | 23.5% | £1,126 | ||||||||||
| Wint (ex Col) Managed | £875 | -0.2% | 9.2% | 13.3% | 17.8% | 8.8% | 16.0% | -24.3% | -11.9% | -0.2% | 4.4% | 7.3% | Wint (ex Col) Managed | |||||||||||||||||||||||||||||
| Average of 25 largest current funds | 2.0% | 10.0% | 14.0% | 19.8% | 9.6% | 16.7% | -18.3% | -11.6% | 5.9% | -2.3% | 932.0% | 645.8% | 678.1% | 445.0% | 806.1% | -258.3% | 1283.6% | 848.0% | 761.4% | -589.1% | 1227.9% | 574.4% | 100.0% | |||||||||||||||||||
| Average of all balanced managed funds | 2.3% | 10.2% | 13.9% | 20.2% | 9.9% | 17.8% | -18.6% | -11.4% | 2.3% | 6.2% | 8.7% | -2.7% | 2260.0% | 1240.0% | 1420.0% | 1030.0% | 1720.0% | -570.0% | 2950.0% | 1860.0% | 1440.0% | -1320.0% | 2830.0% | 1180.0% | 100.0% | |||||||||||||||||
| Average of all UK equity funds | 1.5% | 12.6% | 13.6% | 21.9% | 13.6% | 22.9% | -24.2% | -14.0% | 1.5% | 6.9% | 9.1% | -4.1% | 2500.0% | 1050.0% | 2040.0% | 1520.0% | 2020.0% | -620.0% | 2760.0% | 1900.0% | 1480.0% | -1260.0% | 2620.0% | 1010.0% | 100.0% | |||||||||||||||||
| Notional equity tracker fund (0.5% amc) | 1.6% | 13.1% | 15.9% | 21.1% | 12.1% | 20.0% | -23.0% | -13.7% | 7.2% | -6.4% | 2290.0% | 1260.0% | 2220.0% | 1480.0% | 2190.0% | -690.0% | 2670.0% | 1910.0% | 1950.0% | -1060.0% | 3410.0% | 1010.0% | 100.0% | |||||||||||||||||||
| (Source: Standard & Poors, as reported in Pensions Management, February 2006 and earlier - annual returns bid-to-bid, ie before bid/offer unit price spread) | ||||||||||||||||||||||||||||||||||||||||||
| Return to Investments | ||||||||||||||||||||||||||||||||||||||||||
| Missing data: | 1 | 2 | 2 | 2 | 5 | |||||||||||||||||||||||||||||||||||||