20th Century Industries Co. , Woodland Hills, Calif., will begin an...

20th Century Industries Co., Woodland Hills, Calif., will begin an asset allocation study of its $35 million pension plan, said Gail Laughlin, director of human resources. Plan officials want consultant PricewaterhouseCoopers to complete the annual review by early June. Officials want to determine if investments are overly conservative; pension assets dropped 3% last year, Ms. Laughlin said. It is not yet known if manager changes will result.