Comment: BP fall-out highlights pension fund risk

In the aftermath of the Deepwater Horizon oil disaster, rarely has one event come to embody so many of the risks that UK pension funds face today. Forget the palpitations over the environmental impact and the horror of those advocating some form of socially responsible investing. These are luxuries for pension funds in happier times when the deeper risks associated with financial markets and corporate sponsors are hypothetical numbers hidden deep within performance reports. Now, every passing day serves only to highlight that even the perceived safest of investments carries within it a ...