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Negative Return From Prudential Pension
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Retired_I.F.A. wrote: »I doubt its that good. The only way to calculate the yield is to compare transfer values each year is that what you did?
If that was a question for me, then yes - it is a comparison of the yearly report transfer values for the 3 years in question.
I am currently opted back in to Serps/S2P, so the PR part isn't being added to. The end of year figures for this are :
Feb 2005 : £35208
Feb 2006 : (£32159+£7722) = £39882 (+8.9%)
Feb 2007 : (£33222+£12338) = £45561 (+14.2%)
Feb 2008 : (£34299+£16930) = £51230 (+12.4%)
The first figure is the plan value, the second the bonus. I realise that the bonus can be changed retrospectively.
I am still contributing to the Non PR part of the fund (mainly through Salary Sacrifice) and that is producing similar returns.
I don't think I'm doing anything wrong in my sums - am I?
Cheers,
Judwin0
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