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||March 2016 to March 2017||March 2017 to March 2018||March 2018 to March 2019||March 2019 to March 2020||March 2020 to March 2021|
|Pension Growth Fund 3||27.2%||1.7%||7.6%||-8.6%||33.2%|
|Pension Defensive Fund||6.5%||0.4%||3.0%||0.0%||6.6%|
Source Lipper, total return (income reinvested). The returns shown above for the Virgin Money funds uses index performance aligned to the current asset mix, less the annual fee, to simulate past performance in lieu of actual returns. Lump sum invested 31/03/16 to 31/03/21. For details of the performance comparator for each fund please see the respective Key Investor Information Document.
Remember, past performance isn't a reliable guide to the future. The value of your investment can go down as well as up and you may get back less than you invest.
The graph below shows the performance of the Virgin Pension Growth Fund 3 and Virgin Pension Defensive Fund.