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Nine out of ten UK pension funds get worse returns than a simple tracker following the FTSE All-Share index, new research has shown.
Analysis from AJ Bell found that 91% of UK pension funds have underperformed the returns of a FTSE all-share tracker, which mimics the performance of London’s wide-reaching 600-company index.
The majority of pensions have underperformed the index by well over 10%, with more than a third falling short by more than 20%.
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