Straightforward Pension
What would past performance for our new funds look like?
Up until November 2020, the funds in your straightforward pension were our Pension Growth Fund and Pension Bond and Gilt Fund. You can see how these and our other pension funds performed in the links below.
Your straightforward pension now invests in our Pension Growth Fund 3 and Pension Defensive Fund. These funds launched in November 2020. For the period before November 2020, to help you compare them with other funds we have replicated the performance of the markets the funds invest in, to give an indication of what the performance may have been prior to its launch. The simulated return takes into account that the mix of assets are re-balanced once per month and includes annual costs of 0.85% for Growth Fund 3 and 0.70% for the Pension Defensive Fund.
Check out the table below for a quick look at how they might have performed.
| Fund | June 2018 to June 2019 | June 2019 to June 2020 | June 2020 to June 2021 | June 2021 to June 2022 | June 2022 to June 2023 |
|---|---|---|---|---|---|
| Pension Growth Fund 3 | 6.9% | 1.3% | 20.9% | -6.8% | 7.8% |
| Growth comparator | 9.6% | 5.8% | 19.7% | -4.8% | 9.3% |
| Pension Defensive Fund | 4.0% | 3.0% | 3.3% | -6.7% | -0.7% |
| Defensive comparator | 1.5% | 1.3% | 0.9% | 1.2% | 4.0% |
Source Lipper, total return (income reinvested), 30.06.18 to 30.06.23 For details of the performance comparator of each fund, please see the respective Key Investor Information Document.
Please bear in mind, the value of your investment can go down as well as up and you may get back less than you invest. Tax benefits and tax rules depend on individual circumstances and may change in the future. The earliest you can normally take your pension savings is your 55th birthday. If you stop or reduce your payments you will reduce the amount you get back from your pension.
Performance graph
The graph below shows the performance of the Virgin Pension Growth Fund 3 and Virgin Pension Defensive Fund.
We changed the investment approach of Pension Growth Fund 3 and Pension Defensive Fund in November 2020. For the period before November 2020, we have simulated the performance of the markets the funds invest in, to give an indication of what the performance would have been prior to their launch. The simulated return takes into account an annual cost of 0.85% for Growth Fund 3, and 0.70% for the Defensive Fund, and that the mix of assets (within each fund) are re-balanced once per month.
- Based on the simulated performance data outlined above, if you had invested £10,000 in the Virgin Money Growth Fund 3 on 30 June 2018, it would be worth £13,136 on 30 June 2023.
- Based on the simulated performance data outlined above, if you had invested £10,000 in the Virgin Pension Defensive Fund on 30 June 2018, it would be worth £10,246 after charges on 30 June 2023.