UK pension schemes are reducing their equity exposure at the lowest rate since the onset of the financial crisis, according to Mercer's annual European Asset Allocation Survey. Equity allocations have almost halved in the UK over the past decade, but the results of the survey indicate that this pace of change is beginning to slow.
Exposure to equities has dropped from an average of four percentage points a year over the previous five years, to a two percentage point reduction during 2013. Mercer
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