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%|
|Pension Defensive Fund||4.0%||3.0%||3.3%||-6.7%||-0.7%|
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.
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.