PPF: Bond allocation nears three-quarters of DB assets

Increasing maturity and scheme funding levels are behind de-risking trend

James Phillips
clock • 4 min read
PPF: Bond allocation nears three-quarters of DB assets

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). Join our...

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