Financial Times FT.com

US pension accounting shift ‘would hit equities’

By Deborah Brewster in New York

Published: November 20 2005 21:28 | Last updated: November 20 2005 21:41

Proposed changes to pension fund accounting in the US are likely to prompt a shift of investment away from equities and into bonds while speeding the demise of defined-benefit plans, according to investment experts.

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