Date Report Produced: 13/03/2010


Portfolio Report for: Sample User

Welcome to Pension Tracker
PensionTracker gives you unlimited access to individual and portfolio level reports. A portfolio level report collates all your pension data into one easy-to-read statement. In this example report, the subscriber has 3 different pensions. They've used details from prior annual statements to register the last confirmed value of their pensions. From this information Pension Tracker is able to calculate how much the pension fund might be worth today**.

1.) Portfolio Summary

According to the latest valuations received, you advised us you have £94,628 invested in your pension portfolio.

ID Name Pension Name
Last Valuation*
Today's Estimate**
482 My 1st Pension Stan Life Stock Exchange 1 22/10/2009 £71,830 £74,443
483 Pension started 2009 Aviva UK Index Tracking S1 31/08/2009 £12,227 £13,458
481 Work Pension Stan Life-Investec Cautious Mgd 3 21/10/2009 £10,571 £10,879
TOTAL £94,628 £98,779

*Last Valuation is the last accurate valuation provided by you or your financial adviser.
**Today's Estimate is based on the latest valuation provided by you, converted into units and then recalculated based on the latest unit price information we hold.


Portfolio valuation based on your readings

PensionTracker enables you to register details of any previous valuations, going back up to 10 years. The portfolio report uses these valuations along with our historical pricing database to provide an illustration of the value of your pension portfolio over the past few years.

The graph below is an illustration of your pension performance based on the valuations you have provided, along with estimates calculated using weekly unit pricing data. PensionTracker does not guarantee the accuracy of these values.

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2.) Pension Performance and sector ranking

Introduction: When looking at the performance of your pension, we recommend you compare it with other pensions that have a similar investment profile. PensionTracker uses the ABI Sector classification system to compare each pension with other similar funds.

Using trailing performance figures for each fund grouped by ABI Sector, our data-providers Morningstar are able to compare each pension with other similar pensions. Morningstar ranks each pension based on its performance. A Q1 (Top Quartile) rank indicates the performance of the pension fund as among the top 25% in that sector. A Q4, indicates performance was among the bottom 25% of pension funds in that sector.

The following table provides the performance figures for your pensions based on the latest information available to us. Move your mouse over the percentage figures to view the relevant dates.

Knowing how your fund is performing is the next step in taking control of your pension, which is why we display the performance of the underlying fund for the past 1, 3 and 5 years. We also use ABI Sector categorisation and Morningstar ranking information to display the funds position in the performance league table against other funds. In this example the first pension has consistently been ranked in the top 25% of pensions (in this sector) for performance.
 
Performance***
Name Pension Name
Last Valuation*
12 Mth 36 Mth 60 Mth
My 1st Pension Stan Life Stock Exchange 1 £71,830 45.64% 1.56% 8.14%
  Ending 28/02/2010    ABI Ranking: (ABI) Flexible (up to 100% Equity) Managed (Pen) 1st Q 1st Q 1st Q
Pension started 2009 Aviva UK Index Tracking S1 £12,227 40.97% -2.65% 4.49%
  Ending 28/02/2010    ABI Ranking: (ABI) UK All Companies (Pen) 3rd Q 3rd Q 3rd Q
Work Pension Stan Life-Investec Cautious Mgd 3 £10,571 32.26% 1.93% 4.97%
  Ending 28/02/2010    ABI Ranking: (ABI) Cautious (up to 60% Equity) Managed (Pen) 2nd Q 1st Q 2nd Q
TOTAL £94,628

Note: 'n/a' will be displayed if no ranking information is available.

Source: Morningstar UK Ltd



Risk assessment

Coming Soon: Although all pensions carry risk, investing in some share based pensions can carry higher risks than cash based pension funds. When deciding how to invest, it's important to ask yourself whether you would be happy facing a short-term loss in order to have the opportunity to make long-term gains.

In 2010, we'll be introducing a risk profile score for your portfolio that gives you an illustration based on the funds within your pension.



3.) Asset Allocation

We hold detailed information on over 12,000 funds providing a window onto the investment strategies of the pension managers. This powerful data analysis is unique in bringing together your entire pension portfolio into a single report showing your exact asset allocation, regional exposure and industry breakdown.

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Asset mix details

The performance of a pension fund is influenced by the underlying investment 'asset-mix' (e.g. equity, cash, bonds, property).

The pie-chart to the right illustrates the underlying investment breakdown for your portfolio. We have used your last confirmed valuation of £94,628 to illustrate the value of each section.

N/A: indicates that the data is not available. In most situations, it is because the pension management company has not yet made the information available.


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Breakdown by industry (Equity only)

If a pension has some or all of its fund invested in Equity (e.g. shares), the Pension Fund Manager will often invest in a portfolio of different companies to reduce his risk. The pie-chart on the right illustrates the equity breakdown by class for this pension. This chart is based on the latest information available to us

N/A: indicates that the data is not-applicable or not available. Industry breakdown data is only available for Bond and Share based investments.

Source: Morningstar UK Ltd


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4.) Regional Exposure

Another factor that affects the risk and return of your investment is the regional exposure of the underlying equity. A Pension may be entirely invested in the UK, or be spread across a mix of geographic areas. We only hold regional information for equity.

The pie-chart to the right illustrates the regional exposure of the assets.

N/A: indicates that the data is not-applicable or not available. Regional exposure data is only available for Share based investments.


Top holdings

The following table lists the fifteen largest share or bond investments for this fund. Although investments can change on a regular basis, we might only receive quarterly updates on the top holdings.

ID Holding Percentage Value
GB0008400912 Standard Life Pension European Fund 9% 8512
GB0008400797 Standard Life Pension North American Fd 8.65% 8189
GB0008398280 Standard Life Pension Pacific Basin Fund 3.8% 3599
GB0008386657 Standard Life Pension Sterling Fund 2.79% 2636
Standard Life Japanese Pension 2.25% 2133
GB0005405286 HSBC Holdings PLC 1.37% 1297
GB0007980591 BP Plc 1.31% 1238
GB0009252882 GlaxoSmithKline PLC 0.9% 854
GB00B16GWD56 Vodafone Group PLC 0.85% 803
GB00B03MM408 Royal Dutch Shell PLC B 0.75% 708
US912810PS15 United States Treas Bds 2.375% 0.55% 523
GB00B03MLX29 Royal Dutch Shell PLC 0.51% 478
US912810PZ57 US Treasury Bond 2.5% 0.42% 397
GB0007188757 Rio Tinto PLC 0.39% 367
GB0009895292 AstraZeneca PLC 0.35% 329
Other: 1.53% 1447
Not Applicable 64.59% 61118.48
Source: Morningstar UK Ltd

***Fund prices are updated every weekday after the close of trading and before 11 p.m. wherever possible. Performance figures are presented in British Sterling (GBP). Fund returns are based upon Nav to Nav or Bid to Bid income reinvested basis. UK-domiciled funds report after-tax dividends. Non-UK-domiciled funds report gross dividends.

Copyright © 2009 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted by either Morningstar or Net-Innovate to be accurate, complete or timely. Neither Morningstar nor its content providers nor Net-Innovate are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.




5.) What you might get when you retire

In this final section, we see an illustration of the possible value of the retirement fund when the individual retires. It is shown in todays prices, is indicative and not a promise or guarantee that the pension will be paid at this rate.

This statement is a guide to the possible value of your pension when you retire. In this statement, we refer to this as an `illustration'. It is shown in today's prices and is not a promise or guarantee that your pension will be paid at this rate. This is because it is based on a number of assumptions.

Please read the notes below this illustration. They explain more about the way your illustration has been calculated, the assumptions that we have made and what will decide how much your final pension will be.

Details we have about you

Prepared for: Mr Sample User
Your date of birth: 1968-03-19
Illustration Date 13/03/2010
The current value of your portfolio: £94,628

Your future pension illustration

To illustrate your possible future pension we have assumed that:

your retirement date is: 19/03/2033
AND no further contributions will be paid.

The estimated value of your pension(s) when you retire is :

The overall pension pot would be : £182,545
This could give you a maximum pension commencement lump sum of : £45,636 ( which is 25% of the fund value.)
You would be able to purchase an annuity with : £136,908
Giving an estimated annual retirement income of : For an illustration of your income at retirement, we recommend the FSA Pension Calculator
http://www.moneymadeclear.fsa.gov.uk/tools/pension_calculator.html


Notes:

These values are for illustrative purposes only and are NOT a promise or guarantee that a pension will be paid at the rate shown. It shows the amount of pension that might be payable when you retire, in today's prices. It has been worked out in accordance with The Occupational and Personal Pension Schemes (Disclosure of Information) Amendment Regulations 2002 (SI 2002/1383) and Technical Memorandum 1 using various assumptions.

Among other things, your final pension will depend on:
• when you actually retire and start to take your pension;
• the actual contributions made;
• the way your own fund is invested, and the investment growth it achieves;
• how much it costs to buy a pension when you retire;
• whether you choose to buy a fixed pension or one that increases each year and what allowance (if any) you make for a pension for your [husband][wife].

This illustration has been calculated using general assumptions about various factors, including
• that you will buy a pension that will increase each year in line with inflation (the Retail Price Index) and
• that when you die you will be married to some-one three years [older][younger] than yourself, who will inherit half of your pension.
• that your earnings will rise in line with inflation in future. In practice, earnings have in general grown faster on average than prices, though this varies significantly between people.
• we have assumed you will retire at the age of 65.
• we used 7% as the rate-of-return for this calculation.
• we used 1.5% as the annual charge for this calculation.
We assumed you will take 25% as a tax-free lump sum.

What actually happens and your own individual circumstances may vary considerably from these general assumptions. The actual amount of pension will depend on the actual performance of the investments and the cost of buying a pension when you retire and so may be significantly different from the amount shown here. Because of this, you should consider getting further information or advice before you review your pension arrangements.

Neither PensionTracker or its operators Net Innovate Ltd are authorised to provide any form of financial advice. We encourage you to seek the advice of an Independent Financial Adviser. If you want to know more about the way this illustration has been worked out or the assumptions made, please see the Faculty and Institute of Actuaries website (www.actuaries.org.uk/pensions/smpi.html)


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