Sponsors will be forced to support schemes for the next five to ten years because the relationship between risk-free assets and inflation is "broken", UBS says.
The UK's inflation rate posted another surprise drop in May, falling to 2.8%, as the lack of activity in the UK continues to bring prices down sharply.
UK pension schemes hedged a record £13.9bn of inflation risk in the first quarter of the year, according to research from F&C.
Poorer than expected asset returns, a falling discount rate and increasing longevity assumptions have almost doubled the Johnston Press Pension Plan deficit in 2011.
CPI annual inflation fell to 3.4% in February, down from 3.6% in January, according to the Office for National Statistics.
The Office for National Statistics has updated the basket of goods used to calculate CPI inflation - which sets increases to the state pension - to include iPads and teen fiction.
The growth of long lease property funds could provide some shelter from rental volatility for pension scheme investors, argues KPMG.
The UK inflation rate fell to 3.6% in January, down from 4.2% in December, official figures show
MPs have called on the government to protect company pensions during international takeovers following the on-going dispute between Heineken and Scottish & Newcastle scheme members.
Guaranteeing indexation has increased the cost of providing defined benefit pensions by 12% over the past 20 years, according to Pension Corporation research.