GLOBAL - Fears of inflation have all but evaporated among fund managers, reaching their lowest level since the downturn of late 2001, Merrill Lynch's latest fund manager survey has revealed.
More investors believed the global economy had already entered recession - 24% in August, compared with 20% in July and 16% in June.
One of the big concerns for investors in relation to companies was leverage. The net percentage of investors who believed corporates were under leveraged tumbled to 9%, down from nearly 40% at the end of 2007.
Karen Olney, chief European equities strategist at Merrill Lynch, said: "The message from investors to corporates is that if we are headed for a recession, they should clean up their balance sheets and prepare a financial buffer. As banks de-lever, nonfinancial corporates will have to wake up to far less flexible world of credit."
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There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.
Pension Buzz respondents have disputed Lord Myners' arguments that asset owners, including pension funds, are substantially to blame for short-termism in business.