Pension fund ranks highly

SOUTH Yorkshire Pension fund has been placed amongst the top performing local authority funds in the country - ranked 14th out of 86.

Reports shows the fund has returned an average of 8.2 per cent per year on its internally managed funds during the last 10 years.

South Yorkshire manages the bulk of its investments in house, using a small team based in Barnsley.

Steve Jones, chairman of the Pensions Authority, said: "These results show excellent performance by the Authority's fund manager and his team.”