UK pension schemes' average allocation to bonds has risen to over 50% for the first time according to The Pension Protection Fund's (PPF's) Purple Book.
At the end of March 2016 average bond allocations stood at 51.3%. This is up from 47.7% at the end of March 2015. The proportion invested in equities fell from 33.0% to 30.3%, reflecting schemes' desire...
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.