Has the shift to bonds gone too far?

As the FTSE continues to perform strongly Helen Morrissey asks why UK pension schemes are upping their bond allocations

Helen Morrissey
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The UK stock market has enjoyed a strong start to 2013 reaching a high in late May of 6,840.27 - a figure not seen since 1999. Whether we will continue to see such stellar performance remains to be seen but it is clear some measure of confidence is returning.

However, while some investors are dipping their toes back into the equity pool the same cannot be said of UK pension schemes. According to Mercer's recent European Asset Allocation survey UK scheme...

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