Approximately 6 months ago the company I work for changed their pension provider. At that time my total pension was transferred to the new pension provider. I continue to pay monthly into the new pension.
My pension payments are spread across 3 funds:
Fund 1 - 71% allocation. Up 10.45% over the last 6 months.
Fund 2 - 21% allocation. Up 12.48% over the last 6 months.
Fund 3 - 8% allocation. Up 2.44% over the last 6 months.
The performance of each fund over the last 6 months has been got directly from my pension provider.
Now what I don't understand is the difference between the fund performance listed above and the growth indicator value given on my pension dashboard. The growth value indicator is stating up 3%.
Right now, I am assuming that the growth value of 3% is also over approximately 6 months as that is how long ago I was transferred into the new pension. Based on fund performance over the last 6 months i would have expected better than 3%.
Am I looking at this incorrectly?
My pension payments are spread across 3 funds:
Fund 1 - 71% allocation. Up 10.45% over the last 6 months.
Fund 2 - 21% allocation. Up 12.48% over the last 6 months.
Fund 3 - 8% allocation. Up 2.44% over the last 6 months.
The performance of each fund over the last 6 months has been got directly from my pension provider.
Now what I don't understand is the difference between the fund performance listed above and the growth indicator value given on my pension dashboard. The growth value indicator is stating up 3%.
Right now, I am assuming that the growth value of 3% is also over approximately 6 months as that is how long ago I was transferred into the new pension. Based on fund performance over the last 6 months i would have expected better than 3%.
Am I looking at this incorrectly?