Pension funds 'down £250bn and taking too many risks'

Edi Truell told the Times a lethal combination of tumbling bond yields and plunging share prices have increased the shortfall in pension funds' ability to meet their long-term obligations to retiring workers. The growing pensions deficit, which has hit public sector as well as private company schemes in the past six weeks, raises fresh fears about the deepening crisis in retirement provision, the paper said.  "We see time and time again that pension funds are running too many risks and, when markets crash, deficits balloon," Truell said. "The primary aim for the vast majority of th...