The average UK pension fund has over 53% allocated in UK equities, a survey by Watson Wyatt has foun...
The average UK pension fund has over 53% allocated in UK equities, a survey by Watson Wyatt has found.
Overseas equities comprise the next largest asset class of the average pension fund, the survey found, with an average 24% allocation. UK bonds were next with 8%, followed by overseas bonds, at 7.8%, cash and other investments, at 4%, and real estate, at 2.9%.
The capital under management in pension funds in the UK totalled $1,658.4bn as at 31 December 2001. This was more than double the next largest total within Europe, the Netherlands, with £654.2bn.
Within the UK, the survey found Barclays Global Investors had the most funds under management, with $98,294m as at the end of last year. This was followed by Legal & General, with $98,290m under management.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till