A third of pensions at risk of stock market dive

Figures suggst up to 1.8 million company pensions offer no protection from sudden changes in share prices - leaving workers facing huge losses should the market crash, according to the Daily Mail. Of the 5.3 million company pensions, the remaining 3.5 million switch savers in to less risky types of investment than shares, such as company bonds and gilts, five or ten years from retirement. While returns are likely to be lower, this has the effect of protecting the saver's wealth in the years approaching retirement. Recent market volatility wiped £120 bn off the value of pensions, ac...