Private sector defined benefit (DB) pension schemes have total liabilities of over £2trn, according to figures published today.
Sterling has pulled back against the dollar after a second estimate of Q1 UK GDP growth failed to produce the upwards revision expected by economists.
UK growth slumped to just 0.3% in the first quarter of the year, the slowest since 2012, as the construction sector disappointed.
UK pension funds' allocations to home grown equities has more than halved since 1998 according to Towers Watson's Global Pension Assets Study.
Gross domestic product (GDP) increased 2.6% last year, with agriculture and services driving the economic expansion, preliminary figures show.
The economy topped its pre-crisis peak after growing 0.8% in the second quarter, according to an estimate from the Office for National Statistics (ONS).
Turmoil in EM has led many investors to withdraw funds. Charlotte Moore asks if long-term prospects are any better
UK GDP rose by 0.7% in Q4, according to an initial estimate from the Office for National Statistics, with growth for the year as a whole rising at its fastest rate since 2007.
The great rotation into equities will continue at a gradual pace in 2014 following a strong performance by the asset class this year, according to Legal and General Investment Management (LGIM).
US treasury yields jumped yesterday and US futures fell after the second reading of US GDP growth for Q3 saw a large upward revision.