Airtours pension scheme down -9.7% !!
 

Just received my airtours pension statement, and it shows a drop of 9.7%,! (between Mar. 2000 - Apr. 2001), the previous year it was down about 3%, they gave me the usual 'markets are down' excuse when I rang them, last time I checked about 18 months ago they used Sedgewick Noble fund managers now they are using William Mercer.

Airtours can't seem to find a decent fund manager, at this rate my pension will be worthless in a few years!

Never mind. The 20% increase we are in line for should more than make up for it!!! :D :D :D :D

William Mercer are not fund managers. They are investment consultants who advise on the selection of fund managers. Dig a bit deeper mate. :)