Diageo has finally announced an investment strategy for its £3.5bn (€5.86bn) pension fund, formed from the merger of the Guinness and Grand Metropolitan schemes. In a far-reaching review it has dropped six managers and added six, while partly adopting a multinational strategy.

The trustees intend to diversify the scheme's equity investments and reduce the scheme's dependency on UK stocks.

Nicholas Lockley 

Diageo

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Diageo unveils pension fund strategy

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