Pension deficit 'at all time high'
Last week's public sector strikes put the spotlight on public sector pensions - yet the situation for private sector pensions is not much better.
Research from investment services firm Mercer suggests the black hole in FTSE 350 companies' pension pots is now £80bn - up by a third in the last month.
This means the deficit in British pension schemes is at all time high.
Market volatility has continued to hit investments as has the eurozone debt crisis.
Adrian Hartshorn is a partner at Mercer's Financial Strategy Group and he says UK corporate bonds have low yields and the prices have been going up.
05 Dec 2011