UK - TUI Pension Scheme, the £200m pension fund of travel company TUI, has slashed its exposure to UK equities by 13% and has also sacked Deutsche Asset Management and Insight Investment as its asset managers.
Following an investment review, the pension fund decided to reduce its equities exposure to 80% from 83.7%, cutting UK equities down to 40% from 53.7% and increasing overseas equities to 40% from 3...
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