The investment returns are shown for each Member Investment Choice option
for the following accounts:
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We've improved our reporting!
We've simplified the way our longer-term returns are calculated to make it easier for you.
Our longer-term returns are now calculated net of tax and investment management fees for the entire reporting period.
Since July 2006 investment returns have been calculated net of investment management fees and tax. Administration fees are deducted directly from members' accounts after the returns have been applied.
Before July 2006 investment returns were calculated net of tax, investment management and administration fees before being applied to members' accounts.
This meant that over some longer-term periods, the returns were not calculated in the same way for the whole period. Now the investment returns are calculated the same way for the entire period.
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