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.
2016 was best year for pension funds since 2009 In 2016 pension funds enjoyed their highest returns since 2009 according to the latest Moneyfacts Personal Pension and Annuity Trends Treasury Report. Despite considerable economic and political uncertainty during 2016, the average pension fund finished the year up by 15.7%. This is the fifth consecutive year of positive pension fund growth and will be welcome news not only to those saving into a defined contribution pension scheme, but also the growing number of retirees who remain invested in pension funds by opting for income drawdown.