Deregulation key to DB success - NAPF

The comment follows a report released today by the Pension Policy Institute (PPI), which NAPF says indicates an uncertain future for DB schemes. The report identifies a move among DB schemes towards more diverse investment strategies and a shift away from traditional equity and bond investments. It shows pension fund assets invested in equities fell from around 65% in 1997 to 40% in 2005 while investment in bonds fell from 23% in 2002 to 19% in 2005. Nigel Peaple, director of policy at NAPF, says: “The message is clear. Pension schemes desperately need more flexibility and more control...