In a low-interest rate economy finding investments that return over 15% is a challenge without taking on unacceptable risk.

Yet this is what the latest report from Moneyfacts Personal Pension and Annuity Trends has shown with defined contribution pensions in 2016 showing their highest return since 2009.

This is good news for pension savers and good news for pensioners who remain invested in pension drawdown.

By their very nature, the timeline and risk profile for pension fund investments is long and low respectively.

But in a world where every little counts and when we are never far from a story bemoaning defined contribution pensions - at least this is some good news.