Blue-chip companies’ pension funds have nosedived from a surplus position
into a £25bn deficit as a result of the current stock market crisis.
The UK’s top 200 companies have taken a battering because 57% of their assets
are held in shares.
Bond yields have offset the stock market freefall, and pension fund trustees
are shifting more of their assets from equities into the lower risk area.
Actuaries Lane Clark and Peacock calculated that £15bn has been moved from
equities to bonds.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars