UK - Defence contractor Raytheon is to reduce the equity weighting in all five of its pension schemes, worth a combined £160m, in favour of bonds, shifting from a 50/50 allocation to 70/30.
The move, anticipated to be completed in the first quarter of this year, will not involve a change of investment manager. Gartmore, which currently acts as Raytheon’s sole manager, will run the fix...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date