UK - Ports operator Clydeport has no plans to change its £77m pension scheme's equity-weighted asset allocation - despite a large drop in its surplus.
The company’s latest financial results showed that the pension scheme’s net pension surplus has fallen from £13.9m to £4.2m in the last six months.
Clydeport finance director David Green said: “If you are assuming that equity markets will go into decline, yes the scheme could go into deficit, but we are not necessarily making that assumption.
“Over the long-term we are still expecting equities to have positive returns and returns in excess of bond yields.”
Green said the company did not expect the scheme to go into deficit and that trustees were meeting regularly to discuss asset allocation.
“The long-term investment strategy for the pension fund is a decision for the pension fund trustees. They will take advice and look at markets and liabilities and take decisions based on that.”
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