PFA yields small negative return for market rate customers after rough early year

Markets have rebounded well in the third quarter, but PFA's market rate customers are thus far obliged to settle for a small negative yield for this year.

Photo: PR/PFA

PFA's market rate customers have received an average rate of return at 0 percent during the first nine months of this year. Specifically, these customers' pension savings were impacted by a -0.4-percent yield, the pension company informs in a statement.

"Returns recovered further in Q3 and lie at around 0 percent for market-rate customers, but our average interest rate environment has created a return of 5.2 percent," writes PFA Group Chief Investment Officer in the press release, adding:

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