Funding deficit a "man-made disaster"

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EUROPE - The funding deficit affecting European occupational pension plans "is a man-made disaster" and not just the result of falling equity markets, claimed author Guy Fraser-Sampson.

Speaking last night at Cass Business School, Fraser-Sampson said the deficit was a result of poor asset allocation over a 15 to 20 year period. "The funding deficit was a man-made disaster, not an...

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