UK - With-profits Additional Voluntary Contribution (AVC) pension funds have continued to chisel down their equities exposure over the past year, new research shows.
A survey by consultants Watson Wyatt shows the average allocation to UK and overseas equities of with-profit AVC funds is down to 40.4%, from 47.3% in the 2003 survey and 63.6% in the 2002 survey. ...
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
