Royal London is the top performer over the year to 30.6.22 across three out of four investment pathways but Scottish Widows, on the other hand, comes in last across all four investment pathways, according to a new report from Corporate Adviser.
The Corporate Adviser Workplace Pensions into Retirement report finds that for all four investment pathways, providers are using dissimilar methods to asset allocation strategy. Investment pathway 4 has the widest variety of approaches, with four providers holding 100 per cent cash, while five providers have significant bond holdings.
Investment Pathway 4 savers in the latter category have all experienced financial losses, with Scottish Widows declining 11.01 per cent in the year to 30.6.22.
Investment pathway 2, targeting annuity, is approached by providers with widely differing asset allocations. The best performing pathway was Royal London at -8.6 per cent in the year to 30.6.22, while Scottish Widows saw the worst return at -25.05 per cent.
