The last time I submitted a report for Professional Pensions it was on the issue of fixed income, and the fact a dyedin- the-wool bond man I knew said he would advocate that any pension fund in serious deficit should put everything into equities, as the only serious hope of bridging the gap.
This was especially true as the Pension Protection Fund was waiting in the wings if it all ended in tears. Turns out this "put it all on black theory" was nothing new. Indeed it had already been wr...
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