PMA is hoping to recover from its reserve deficit within 15 years by adjusting its annual indexation and altering its asset allocation strategy, IPE reports. It will increase its fixed income allocation by 3% to 33% over the next two years, and cut its equity investments by 5% to 45%.
The EUR889 million pension fund for pharmacies will reduce its indirect property allocation by 1% to 17% and the remaining—in part liquid—assets will be moved to commodities.
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