Pension schemes face contagion risks from Greek crisis

Founding partner Dawid Konotey-Ahulu said there was huge volatility arising out of the crisis which, coupled with the prospect of a hung parliament next week, means the risk of uncertainty and contagion is very real. This comes after Standard & Poor's downgraded Greece's long-term credit rating to junk status yesterday - a move which led to significant falls in stockmarkets both in Europe and the US. Konotey-Ahulu said: "If you ally that with the possibility of a hung Parliament we are in a position of real uncertainty." "Pension funds need to recognise the weather has changed and ...