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O2's diversified move may lead the way for DC

A fall in equity values has prompted the mobile phone group to reverse its charges

The loss of faith in the cult of the equity has been illustrated by mobile phone company O2's defined-contribution plan opting for a diversified product managed by BlackRock as a core mandate.

The multi-asset product, which will be actively managed, has been chosen over the passive equity funds that have been popular with DC schemes for years.

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