UK - The £120m Selfridges Retail Pension Scheme has moved its asset allocation away from equities and ended its contribution holiday.
Selfridges has resumed contributions at 16% of salaries following a fall in its fund surplus from £18m three years ago to £3m. T
The scheme has also revised its asset allocation with a move away from equities.
Selfridges finance director Peter Williams said: “A year and a half ago we had already moved to a position whereby we had a 55 to 45 split in favour of equities, so we had increased the bond allocation. We have now moved it again to 50%.”
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