PPF outlines new asset strategy

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The UK's occupational pension scheme safety net, the Pension Protection Fund (PPF), has revamped its statement of investment principles and is set to make a move away from its existing strategy of investing all funds in government bonds into a more diversified portfolio.

The PPF was established in 2004 and is intended to pay compensation to members of schemes that have become insolvent. Currently it is evaluating 111 schemes, and a spokesman said that the fund expected to make its first pension

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