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Pension investment choice increasing according to survey

Company pension schemes are increasingly offering their members more choice according to a survey from consultants William M Mercer reports the Financial Times.


The survey reveals the number of schemes offering employees the chance to switch from one type of asset to another, has doubled in two years.


Mercer says many companies now offer the alternative of a &#34lifestyle option&#34 which allows members to switch from equities to bonds or cash.


Mercer&#39s figures reveal the number of companies offering this option has jumped to more than 40 per cent in 1998 compared to 28 per cent in 1997 and 17 per cent in 1996.

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