West living under shadow of credit bust
John Redwood urges schemes to manage and avoid obvious risks
What should trustees make of the rumbling euro crisis, and the spats between France and the UK? None of it makes for pleasant reading, and none of it helps achieve the steady positive returns pension funds need.
The euro crisis has undermined a couple of important tenets of modern investing. The first is you can always trust a sovereign bond issued by an advanced country. The second is, if you stick to the main...
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