UK pension funds sharpen appetite for bonds

A key issue for UK markets over the next decade will be the pace at which domestic pension funds sell equities and buy bonds. The background is a focus on risk management arising from measures such as FRS17, a three-year bear market and the closure to new members of the majority of UK pension schemes. The closure of schemes is an important but often overlooked factor: most of these schemes will be targeting very much higher bond allocations over the next 20 years as they mature. Given these