UK - Watson Wyatt is urging pension fund trustees to rethink their investment strategies in light of a nose dive by the FTSE100.
An estimated £20bn was wiped off UK pension funds in a week when the FTSE100 dropped to its lowest level since September 11.
Watson Wyatt senior investment consultant Kevin Carter said: “This highlights to the trustees and sponsors concerned the inherently greater volatility of equities to other asset classes.”
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