Defined benefit (DB) schemes continued to switch to bonds in earnest during the 2020/21 financial year, continuing a decade-long trend to de-risk assets, according to the Pension Protection Fund (PPF).
Total allocations to bonds on a weighted basis hit 72.0% at the end of March, up 2.8 percentage points on 2019/20, the compensation scheme's annual Purple Book revealed today (7 December). Joi...
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