Pension funds shy away from equities

News

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PENSION FUNDS IN THE UK are set to undergo their most profound change in asset allocation in years amid the threat of equity underperformance and subsequent deficits.

While Boots Pension Scheme’s ground-breaking decision to move its £2.3 billion portfolio from a strong equity weighting to 100% triple-A rated bonds with an average maturity of 30 years has made the headlines since October, that was because of the size of the fund and the scale of the swing towards bonds.

It was not, however, a k