UK Equity Markets Could Get a Pensions Tailwind
If the UK follows the US on pension evolution, expect allocations to stocks to rise.
Could British equities get a bit of wind behind them?
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
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One of the many potential drivers of long-term UK stock market weakness that I’ve discussed here before is the fact that our domestic pension funds have spent most of the last 25 years or so selling out of UK equities and buying UK government bonds (gilts) instead.