With more and more pension plans exiting their domestic equity commitments for a sustainable crutch, plan sponsors stated in a new study that many are looking to long-duration bond vehicles to backup their liability needs.

In a Tuesday announcement, Aon Hewitt revealed that 38% of the plans that participated in a recent study said that they had reduced their allocations to the strategy, with the same percentage looking to do so this year as well. From this same group, which included 227 plans from “large U.S. employers” with a combined $389 billion in total assets last year, only 4% said they would increase their exposure to domestic equity.

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