Pension funds weathering crunch - Aon

A survey of the 200 largest private pension funds in the UK found a fourfold increase in investment activity between the first and second quarters of 2008. The survey found total deficits were £21bn at the end of July, down from £30bn just one month ago. However, deficits are still £8bn higher than a year ago. Marcus Hurd, senior consultant and actuary at Aon, comments: “The credit crunch has been a harrowing experience for most pension schemes in terms of volatility, but as we approach the anniversary of when the UK market started to feel its affects most schemes have survived relatively...