Pension funds underperform

While equity weightings in pension funds fall in the uk, they increase overseas, according to mellon

Average UK equity weightings in pension funds fell to the lowest level since the mid-1970s last year, figures from Mellon have revealed. Overall weightings to equities overall fell for the sixth consecutive year, from 66.5% to 64.5%, due to schemes continuing to reduce their exposure to the UK market. Average UK equity weightings dropped from 39.0% to 35.7%. At the same time, funds increased their overseas equity weightings from 27.5% to 28.8%, an all-time high since Mellon records began. US and Japanese equities were the main sectors to benefit from this increase, with the former risi...