DB schemes reduced investment in equities in 2005

Results from the second part of NAPF’s annual survey, released this week, show 30% of the members questioned, had reduced the proportion of equity investment in their portfolio over the past 12 months, while 25% had increased their bond holdings. Other findings from the second section of the survey, which focuses on investment, revealed 73% of the 350 members running defined benefit (DB) schemes believe their funding level exceeds 100% on a Minimum Funding Requirement (MFR) basis. In addition, the research shows public sector schemes are mire likely to have exposure to equity markets an...