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Royal London pension funds receive shake-up

Royal London Asset Management has doubled the assets in some of its bond funds after the company reshuffled its own pension assets.

Its long gilt fund has received an extra £16m (€23m) and totals around £28m. The UK corporate bond fund has risen from £24m to £37m. The £73m index-linked fund is expected to double in size and the company reckons its new long corporate fund will start with around £55m.

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