UK - Granada's £970m pension fund has been advised to move out of equities and into bonds by its consultant and actuary, William M Mercer, echoing the move by the Boots Pension Scheme which switched entirely to fixed income.
Currently the scheme is invested 100% in equities and Mercer suggests this allocation should be reduced to 77.5% in favour of bonds. According to Mercer, the fund should begin moving out of equiti...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
