Pension schemes 'being diversified'
Pension scheme trustees in the UK have been diversifying the assets for which they are responsible in recent months, according to the latest figures from the National Association of Pension Funds (NAPF).
The association reports that the levels of investment in equities is decreasing, while the amounts of retirement saving money being put into fixed interest assets have increased.
Millions of people in the UK are saving for retirement through a workplace pension and the trustees responsible for investing the resulting assets are looking to strike a productive balance of investments, the NAPF suggests.
Chief executive of the NAPF Joanne Segars said: "With growing scrutiny and pressure on pension scheme trustees to make sure there is a balance between risk and return, the survey shows they are increasingly viewing diversification as normal practice."
Meanwhile, Moneysupermarket.com recently urged British consumers, including those saving for retirement, to take advantage of the good individual saving account deals that are currently available.
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