DENMARK - Finanssektorens Pensionskasse (FSP) has doubled its allocation to high yield debt from 4% to 8% of scheme assets.
The scheme has also increased its private equity allocation from 3% to 5%, according to figures on its website.
The fund has lowered its target allocation to overseas bonds, from 15% to 13%, but with a current allocation of 7.5% as of September 2007, monies would still have to be invested in the asset class in order to reach the target.
Overall, the target allocation for 2008 includes Danish bonds (30%), international bonds (13%), high yield bonds (8%), emerging market bonds (5%), Danish equities (7%), international equities (13%), private equity (5%), property (15%), hedge funds (2%) and other investments (2%).
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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