US - Market volatility has wiped $110bn (€74bn) off the value of pension funds since the beginning of the year, according to Mercer.
Jonathan Barry, spokesman for the Mercer Financial Strategy Group, said: "We saw a general improvement in the funded status of pension plans in 2007, which, for a typical US pension plan, resulted in a decrease in liabilities of 2% to 8%.
"For many if not most plan sponsors, any improvement due to market conditions in 2007 has been more than wiped out in the past few weeks, as equity markets have declined significantly. Certainly, all indications are pointing to lower corporate bond yields - and higher pension liabilities - in the near-term."
However, it also warned funds should take into consideration the need for contingency planning, with risk as top a priority.
On a longer term outlook, the company warned that funding levels would have to increase should equity markets stabilise at a lower level, combined with a lower corporate bond yields.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers