Private sector pension liabilities hit record £1.2trn

Figures released by the Aon200 Index show a 20% jump in liabilities in the past 12 months. Aon analysts say the main cause of the increase is the fall in yield on government securities, which in turn has been caused by a slowing global economy. "The value placed on pension scheme liabilities has now hit an unprecedented £1.2trn," says Marcus Hurd (pictured), head of corporate solutions at Aon Consulting. "Traditional scheme investment strategies are struggling to keep pace in rapidly moving markets. Only a year ago we balked at the landmark £1tn figure, but the woes just continue t...