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Record surplus in top 200 pension funds Falling expectations for future inflation rates has led to the 200 largest privately sponsored pension schemes in the UK posting a record £38bn rise in their funding levels in November	01/12/08
PADA considering annuity panel launch The Personal Accounts Delivery Authority (PADA) may launch an annuity provider panel to provide future members with simplified access to retirement products	01/12/08
Insolvency practitioners put themselves at reputational risk The professional reputation of over two hundred insolvency practitioners is at risk because they have failed to inform the Pension Protection Fund (PPF) and the Pensions Regulator (TPR) about pension schemes of insolvent companies, says Alexander Forbes Trustee Services	01/12/08
Tories to put end to public sector ‘gold-plated’ DB pensions? Conservative leader David Cameron has vowed to end Britain’s developing “pensions apartheid” by pulling the plug on defined benefit pension schemes that are offered to millions of public sector workers	28/11/08
Pensions Bill receives Royal Assent The Pensions Act 2008 has received Royal Assent, meaning that every UK employer will have to review the pension arrangements they provide for their employees	26/11/08
Half of fund managers get it wrong There is only a 50 per cent chance that fund managers get their decisions right, according to research conducted by management selection and monitoring firm Inalytics	26/11/08
Employers in dark over Personal Accounts On the eve of the establishment of the 2008 Pensions Bill on the Statute Book, research has shown that only 26 per cent of employees are aware of the rule changes to pension provision in 2012, and of those, only 27 per cent see positive aspects to the scheme, says JLT Benefit Solutions Ltd (JLT)	25/11/08
RDR review calls for more consumer confidence The Financial Services Authority’s (FSA) has unveiled its Retail Distribution Review (RDR) feedback statement, outlining proposals aimed at giving more consumer confidence and trust in the retail investment market. It says this comes at a time when consumers are in dire need of help and advice with retirement and savings planning	25/11/08
Buy-out market still afloat despite turmoil The buy-out market is buoyant despite current market conditions, with fifty-four per cent of questioned trustees still planning to opt for a buy-out, argues MetLife Assurance Limited (MAL)	25/11/08
Pre-Budget Report a 'disaster for pensions' The Chancellor’s Pre-Budget Report 2008 is a “disaster for pensions”, says director of Rowanmoor Pensions, David Seaton	24/11/08
Annuities still baffle consumers Seventy-three per cent of those at retirement age do not properly understand what an annuity is, according to research by retreatment solutions provider, Just Retirement	24/11/08
Fifty year low in relative price of equities The current low price of equities relative to bonds has produced some great opportunities for long-term investors despite market volatility, according to a panel of experts	24/11/08
PPF reveals plans to stick to £700m levy The Pension Protection Fund (PPF) has announced that its pension protection levy estimate for 2009/10 stands at £700 million	20/11/08
Trustees must beware of loss of scheme expertise Pension fund trustees must keep an eye out for any loss of pensions knowledge as a result of redundancies as the economic downturn continues to grip the globe, says Lane Clark & Peacock (LCP)	19/11/08
Pensions must be more flexible The latest IFA Insights survey from AEGON shows that there is a need for flexibility in today’s retirement solutions	19/11/08
Providers must address data security risk The pensions industry must pay more attention to security in information technology, says IT and business services company, Logica	17/11/08
PPF considers long-term investment risk to levy The Pension Protection Fund (PPF) has revealed proposals to make the pension protection levy more tailored than ever before by addressing individual risks that schemes may present for the PPF	18/11/08
Early access to flexible pension vehicles could increase saving by 30 per cent The UK could see pension savings rise by an estimated 30 per cent if the country were to adopt a pension system similar to the 401k plan used in the United States	17/11/08
UK retirees no longer just want to have fun UK consumers’ key concern in retirement has shifted from enjoyment to necessity, according to The Hartford	17/11/08
UK near-pensioners unsure of annuity payouts Forty-four per cent of members of defined contribution (DC) pension plans who are due to retire in the next five years do not know what their annuity will pay out, according to research by MetLife Europe Limited (MetLife)	17/11/08
Thoresen takes up Personal Finance Education Group chairmanship Otto Thoresen has been appointed as chair of the Personal Finance Education Group	15/11/08
All pension tax rates are equal, except Government ones Many employers have been put off investing money into their pension because of an ignored piece of tax legislation dictating that those with a pension pot over £1.5million are subject to a 55 per cent tax rate, says Carol Barrie, tax partner at RSM Bentley Jennison	13/11/08
Trustees ‘losing ground’ Trustees are losing ground in the race to keep abreast of investment practices, says Hewitt Associates’ Zuhair Mohammed	13/11/08
Longevity risk highlighted by mortality tables Life expectancy for scheme members is less than predicted by the insurance company-based mortality table currently used by many self-administered pension schemes for accounting and funding assumptions, according to the Actuarial Profession’s newly published tables	10/11/08
Pensions minister considers relaxing winding up rules Pensions minister Rosie Winterton, has announced that the Government will consider changes to the Section 75 of the Pensions Act 1995, which compels any business winding up a pension scheme as part of a corporate restructuring or demerger exercise to fully cover its liabilities	12/11/08
Too much time spent on employer compliance for 2012 – EXCLUSIVE The focus in terms of 2012 should not lie on the issue of employer compliance, but rather on the cost that will come about as a result of Personal Accounts, warns Steve Charlton, principal at Mercer	12/11/08
AWD Chase rises from FSA fine to ‘new dawn’ AWD Chase de Vere Wealth Management has received a financial boost from its parent companies a day after being fined £1.12million by the Financial Services Authority (FSA) for mis-selling	11/11/08
Funds move away from equities Pension funds are continuing to diversify and explore alternative investment classes to equities, according to the latest Annual Survey from the National Association of Pension Funds (NAPF)	11/11/08
Markets dig hole in British pension confidence A fall in pension confidence has led to an expectation among workers that they will be forced to retire later in life, according to Baring Asset Management	11/11/08
PPF: DB funding position suffers huge losses The Pension Protection Fund (PPF) has revealed that the aggregate funding position of almost 7,800 defined benefit (DB) schemes has spiralled into a deficit of £97.3bn at the end of October 2008	10/11/08
TPAs relying on out-of-date processing Fifty-three per cent of third party pension scheme administrators (TPAs) have suffered financial losses due to errors in the processing of investment instructions, according to Altus	10/11/08
Personal Accounts fall off the radar The level of corporate awareness surrounding Personal Accounts is minimal, according to Aon Consulting	6/11/08
Tough time for buy-out decisions The combination of falling asset values and the predicted impact of defaults on bond yields have reduced the affordability of buy-outs, according to Paternoster	5/11/08
Pension tax relief ignorance lives on Seventy-five per cent of UK employees are unaware of the tax relief ruling that applies to their pension contributions, according to new research from Zurich	3/11/08
Increase in desire for pensions reassurance Panic has led to a sixty-three per cent rise in pension enquiries from scheme members requesting retirement and transfer value quotes in September 2008, says Aon Consulting	3/11/08
Eight golden rules for trustees in times of financial crisis - EXCLUSIVE Pension scheme trustees must be more vigilant than ever in monitoring the status of their sponsors in the current economic conditions, according to Gary Squires, head of pensions advisory services at Kroll	30/10/08
DB schemes need £45bn bail-out In order to make up for shortfalls suffered by the 200 largest privately sponsored pension schemes, which at the end of October fell by £9bn to a deficit of £15bn, trustees may be forced to ask sponsoring companies to bail them out with a further £45bn a year for the next five years, according to Aon	30/10/08
PPF reduces deficit The Pension Protection Fund (PPF) has succeeded in reducing its deficit, from £609 million to £517 million over the last year, and has so far collected £361 million of the levy	29/10/08
UK Local Authorities missing out on £200m UK Local Authority pension funds have left £200 million on the table through non-participation in US securities class actions, according to the GOAL Group	29/10/08
Calm urged in face of massive Defined Contribution losses Employees enrolled in defined contribution (DC) pension schemes have been urged not to panic after it became apparent late last week that DC schemes have made massive losses in the past year	27/10/08
Pensions Bill proposal boost for low NI contributors The Pensions Bill is facing amendments which would allow people to purchase up to an additional six years of voluntary National Insurance (NI) contributions, a move which would enable them to take advantage of higher state pensions	24/10/08
Six out of ten employers neglect record of pension expenditure returns Sixty per cent of UK companies do not measure return on pension expenditure, despite spending millions of pound on pensions for employees, says Alexander Forbes Financial Services’ (AFFS) 2008 Pension Confidence Survey	24/10/08
Buy-out market to slow but remain buoyant It appears that Punter Southall could have been correct with predictions that the buy-out market would struggle in 2008 as it becomes apparent that Q3 business was down by 24 per cent on the previous quarter	23/10/08
PADA releases first year progress report The major steps in building Personal Accounts, which will be one of the world’s largest occupational pension saving schemes, have been outlined in the personal accounts delivery authority’s (PADA) first annual report	23/10/08
Scottish Life continues to attack AMDs Scottish Life has again attacked active member discounts (AMDs) within Group Personal Pension (GPP) plan charging structures, saying that the providers and advisers involved in offering them risk breaking Treating Customers Fairly (TCF) rules	23/10/08
Living longer, working longer? People are officially retiring later, according to Watson Wyatt’s’ analysis of data from the Office for National Statistics (ONS), with men leaving the labour market in quarter two of 2008 at an average age of 64.6 and women at 61.9 years	22/10/08
Lehman Brothers taken into PPF assessment period A section of the pension scheme of troubled Lehman Brothers has entered the Pension Protection Fund’s (PPF) assessment period	22/10/08
Member benefits to be protected in Pensions Bill amendments The Government has tabled amendments to the Pensions Bill which would introduce further protection of pension scheme members’ benefits	20/10/08
FTSE350 schemes hit by corporate insolvency threat Trustees of large pension schemes have been warned that they must respond to the increased threat of counterparty risk, as well as that of corporate insolvency	20/10/08
Half of UK neglecting retirement savings Nearly half of the UK working population over the age of 18 are neglecting to save for retirement in a pension scheme, according to the Society of Pension Consultants (SPC)	20/10/08
Companies must manage pension schemes like businesses Defined Benefit (DB) pension schemes should be run like business subsidiaries in the current market climate, according to PricewaterhouseCoopers (PwC)	16/10/08
SIPP investors must know which banks hold their cash Self-Invested Personal Pension (SIPP) provider, James Hay, has warned that investors need more education about the source and rate of return on cash accounts	16/10/08
‘Still a long way to go’ for women and pensions At the release of the fourth Scottish Widows Women and Pensions Report, Ian Naismith, head of pensions market development, admitted that although the pensions gender gap has narrowed to nine per cent, there is “still a long way to go” before women’s pensions are satisfactory	14/10/08
NAPF releases 16 Principles for investment advice Following the launch of its DC Pensions Quality Mark, the National Association of Pension Funds (NAPF) has released best practice principles for investment advice which have been met with approval from financial consultancies	14/10/08
Inflation rises hike frail pensions The UK pensions industry has been further hit with soaring inflation rates following the announcement that the Retail Prices Index (RPI) has risen to five per cent	14/10/08
Widespread lifestyle default funds have protected members against current volatility The use of lifestyle default funds in DC schemes has already eased the problems that current compulsory annuitisation reviews are aiming to address, according to Watson Wyatt	13/10/08
IFA warns against group schemes Employees must not rely solely on group schemes for their retirement income, according to a UK independent financial adviser (IFA)	13/10/08
Top DC schemes to receive Quality Mark The National Association of Pension Funds (NAPF) has confirmed that it is to launch a Pension Quality Mark as a way for good quality defined contribution (DC) pension schemes to distinguish themselves from inferior money purchase plans	10/10/08
PPF wants to make levy ‘fairer’ The Pension Protection Fund (PPF) has set out its long-term levy proposals at the NAPF Annual Conference and Exhibition 2008 in Glasgow, which are intended to offer greater fairness to pension schemes in the UK	10/10/08
Pickering urges Government to express common message James Purnell has been warned that the Treasury and the Department for Work and Pensions (DWP) are confusing the public over pension savings by putting out conflicting advice.	09/10/08
PPF takes on four more schemes Four new pension schemes were transferred into The Pension Protection Fund (PPF) in September	08/10/08
Widespread disappointment over change of Minister The Prime Minister’s decision to replace Mike O’Brien with Rosie Winterton as Minister for Pensions Reform has been met with dismay by many commentators in the pensions industry.	07/10/08
Pension schemes encouraged to go global in fixed income UK pension schemes should have a wider sweep of fixed income in their portfolios, says Barings Asset Management (Barings)	06/10/08
MetLife defends variable annuities following criticism Variable annuities are likely to become a significant part of the retirement planning landscape in the wake of recent stock market falls, predicts MetLife	06/10/08
Annuity rates escape market turmoil Annuity rates have not yet shown any ill effects from the credit crunch, according to the Alexander Forbes Annuity Bureau	02/10/08
TPR publishes conflicts of interest guidance The Pensions Regulator (TPR) has published its guidance on conflicts of interest, which has been met enthusiastically by the industry	01/10/08
Struggling bank pension schemes in £1761 million deficit total Five banks in the FTSE 350 have pension schemes deficits that total £1761 million, according to Punter Southall	02/10/08
UK suffering from 'incredible' financial illiteracy The Government has been told that it needs to address the “incredible financial illiteracy” that threatens to leave millions facing poverty in retirement according to Professor Sarah Harper, director at the Oxford University Institute of Ageing	01/10/08
FTSE100 schemes back in the black FTSE100 pension schemes are £18bn in surplus at the end of the third quarter of 2008, according to Pension Capital Strategies Limited (PCS)	01/10/08
NAPF warnings on IASB proposals The International Accounting Standards Board’s (IASB) “radical” proposals to IAS19 Employee Benefits will not provide meaningful information to investors and accounts users, nor are they likely to encourage good pension provision, says the National Association of Pension Funds (NAPF)	01/10/08
DC dissatisfaction on the decrease The number of defined contribution (DC) viewed as ‘poor’ by their clients has declined by three per cent, according to research by Watson Wyatt	30/09/08
Pension funds in dire need of risk options - EXCLUSIVE Around three quarters of the pension funds in the UK need a solution to the issue of scheme liabilities other than buy-ins and Exchange Transfer Values (ETVs), says Chris Massey, partner at PricewaterhouseCoopers (PwC)	29/09/08
Pensions not No.1 business risk Only a quarter of companies now consider pensions to be a key business risk, according to Aon Consulting	29/09/08
Buy-out market must add £250bn of new capacity If the UK’s pensions buy-out market is to successfully meet trustee demand, it will have to grow by nearly £250bn over the next three years, says pension solution provider Pension Corporation	29/09/08
HSBC selects Standard Life Group SIPP Standard Life has been chosen to provide a Group Self-Invested Personal Pension (SIPP) for HSBC employees who are interested in investing in maturing HSBC Share Reward Plans into a pension	29/09/08
Regulator abandons long cohort mortality assumption requirement The Pensions Regulator (TPR) has cancelled plans to effectively force defined benefit schemes to use the long cohort when carrying out their mortality assumptions	23/09/08
Age discrimination battle dealt blow by Advocate General The first part of a claim by Age Concern that forcing people to retire at the age of 65 or over without offering compensation is a breach of EU equality legislation has been dealt a blow by a ruling from an Advocate General to the European Court of Justice (ECJ).	23/09/08
Pension funds told to properly address market risk As a result of the mismanagement of their pension schemes, many UK companies are now exposed to serious risk following recent market turbulence, according to PricewaterhouseCoopers (PwC)	23/09/08
Derivative use crushed by credit crunch The ongoing credit crisis has forced UK pension funds to diminish their use of derivatives to hedge risk, according to global consultant Watson Wyatt	23/09/08
AEGON’s Thoresen calls for financial advice element to Government policy Professional financial advice should be made part of government policy in its response to the current economic disaster, according to AEGON chief executive Otto Thoresen	23/09/08
PPF levy not 'shared' fairly Ninety-four per cent of employers and trustees affected by the Pension Protection Fund (PPF) levy do not believe that the current structure represents a fair sharing of costs, according to a survey by Barnett Waddingham	18/09/08
Increase in UK interest in class actions Twenty-three per cent of pension funds with over £1bn in assets have been a lead plaintiff or an active participant in a class action, according to the National Association of Pension Funds’ (NAPF) Engagement Survey 2008	18/09/08
Employers could do better with defined contribution decisions Few employers offer education, advice or assistance to their employees when it comes to retirement options and could do more to ensure the full benefits of defined contribution (DC) pensions are achieved, according to Watson Wyatt	18/09/08
£24.2m secures Vebnet for Standard Life Standard Life has acquired Vebnet, in a transaction worth approximately £24.2 million	18/09/08
Employer-sponsored alternative savings gaining popularity Pensions are losing out to alternative savings options when it comes to employee choice in terms of the source of their retirement income, according to financial consultant Mercer	17/09/08
Pension funds facing testing times in wake of Lehman Brothers collapse Pension funds’ risk management strategies will be put to the test as the Lehman Brothers saga continues, according to financial consultant Mercer	16/09/08
UK open to host cross-border pensions A recent tax rule clarification from HMRC has given the UK the potential to host cross-border pension schemes	15/09/08
DC risk assessment not up to scratch Over four fifths of Defined Contribution (DC) pension schemes have not carried out a risk assessment within the last 12 months, says financial consultant Watson Wyatt	15/09/08
Lehman Brothers files for bankruptcy, Merrill Lynch taken over Financial markets have been shaken to the core with the breaking news on Monday morning that US investment bank giant Lehman Brothers had filed for bankruptcy	16/09/08
IASB needs to put investor at heart of accounting standards The International Accounting Standards Board (IASB) needs to take investor needs and modern regulatory principles into account in global accounting standards, in order to improve the quality for Financial Reporting	09/09/08
PADA appoints new business delivery director The Personal Accounts Delivery Authority (PADA) has announced that Simon Richards has been appointed as its new business delivery director	09/09/08
Pensions Regulator flexes retrospective intervention muscles Alarm bells are ringing for the pensions industry following intervention by the Pensions Regulator (TPR) in the Focus DIY pension scheme, resulting in an £8million contribution from Duke Street Capital, a year after it sold the Focus DIY Group	08/09/08
OPT believes it could better the PPF for members The Occupational Pensions Trusts (OPT) has thrown down the gauntlet to the buy-out market by claiming that it can offer a better deal to at least half of all schemes which are put into the Pension Protection Fund (PPF) or passed off to an insurance buy-out company	08/09/08
UK buy-out market potential 'over-estimated' by £7bn Recent estimates of the potential size of the UK bulk buy-out market in 2008 could have been overvalued by up to £7bn, says Punter Southall Transaction Services	04/09/08
Smaller schemes to review pensions following exemption test Smaller firms in the UK are likely to review their pension scheme offerings following the introduction of the Personal Accounts Exemption Test, according to the Association of Consulting Actuaries (ACA)	04/09/08
Bulk annuity business hits landmark £1bn deal Prudential has agreed an historic £1bn deal to insure members of the Cable & Wireless Superannuation Fund	03/09/08
SIPP holders remain restricted by their providers Two years after the Government’s rule change on what can be invested in a Self Invested Personal Pension (SIPP), twenty-one per cent of providers are still not allowing investors to include private equity in their SIPPs, according to research by Hotbed, the specialist supplier of alternative asset investments	03/09/08
Top UK directors to retire on £200,000 a year UK top company directors can look forward to a £200,000 a year pension pot, 25 times the average retirement annual payout, according to the Trades Union Congress’s (TUC) sixth annual PensionsWatch survey	02/09/08
Pension Insurance Corporation buys out PPF-protected scheme Pension Insurance Corporation has been chosen to insure the pension benefits of the UK Can Pension and Assurance Plan, which has been under the protection of the Pension Protection Fund (PPF) since October 2006	02/09/08
Further reduction expected in UK pension contributions next year Contributions towards defined benefit (DB) pensions are expected to be reduced by an estimated sixty-seven per cent of UK companies in the next year, says Aon Consulting	01/09/08
Pensioners need to be wary of real inflation UK pensioners are really facing an inflation rate of nine per cent, according to research by Alexander Forbes Annuity Bureau	01/09/08
Government is 'hell-bent on destroying existing provision' The Government has been accused of being “hell-bent” on destroying pension provision and of risking leaving low and middle income earners in danger of losing out in retirement after civil servants abruptly ended talks on developing an acceptable cross-party quality test for existing pension schemes from 2012 earlier this week	28/08/08
Dasgupta to step down as chief executive of the Pension Protection Fund After four and a half years in the job, the Pension Protection Fund’s (PPF) chief executive, Partha Dasgupta, has announced that he is to stand down from his position in June 2009	28/08/08
Employers should have free reign on pension plans Employers should be free to design their own tailored pension plans should their offerings better the minimum contributions to Personal Accounts, says financial consultant Watson Wyatt	28/08/08
Divorcees to benefit from regulation changes Divorced people, especially women, will benefit from new pensions legislation due to be implemented in April 2009, says Standard Life	28/08/08
US regulatory changes threat to corporate bonds Corporate bonds face the same fate as recent equities following the regulatory changes taking place in the US, warns financial consultant, Aon Consulting	19/08/08
AEGON calls on FSA to provide ‘financial gurus’ for consumer needs The Financial Services Authority (FSA) should consider what consumers want from their financial advisers as part of its Retail Distribution Review (RDR), says AEGON	27/08/08
180,000 schemes part of de-risked market The boom in the buy-out market will mean the Defined Benefit (DB) pension schemes of 180,000 employees in the UK will be secured by insurance companies by the end of 2008, according to research by HSBC Actuaries and Consultants (HACL)	26/08/08
Record low for Defined Benefit schemes Only seventeen per cent of final salary pension schemes are still open to new members, according to Aon Consulting	25/08/08
Kaleidaview offers solution to TCF regulation headache Marketing solutions group Golley Slater has developed what it calls an “elegant” solution to the problem that many financial services firms have of proving that they are compliant with the financial regulator’s TCF requirements	22/08/08
Property shorting contributing to fears of recession Shorting in the property investment industry is a major factor in the current UK economic malaise and is causing ‘unprecedented’ property market volatility according to REITA, the real estate information provider group	22/08/08
Pension Fund in Tesco sale and leaseback Supermarket giant Tesco has announced the completion of four sale and leaseback transactions worth £605 million of property assets	21/08/08
Longevity is the ‘biggest threat’ to retirement planning Forty-two per cent of independent financial advisers (IFAs) see rising longevity as the ‘biggest threat’ to retirement planning	20/08/08
Financial adviser banned from promotion by FSA The FSA has banned a sole trader from being a senior manager after charging him with negligence after finding him unable to monitor his pension transfer specialist effectively	20/08/08
Risky pension strategy in buy-to-let Recent investors using buy-to-let as a pension have been warned that they risk a possible 90 per cent capital loss if they borrowed 90 per cent of their property value	18/08/08
UK investors looking to Gulf Half of institutional investors in the UK plan to increase their investment exposure to the Gulf region over the next three years, according to Lyxor Asset Management (Lyxor)	20/08/08
Funds urged to ride out UK equities UK equities are still an attractive long-term investment option despite the current market volatility, says Newton Investment Management	18/08/08
Alan Pickering to leave Watson Wyatt Alan Pickering is to leave consultant Watson Wyatt in order to take on the role of chairman of BESTrustees in January 2009	18/08/08
Regulator 'has failed trustees' The Pensions Regulator (TPR) has failed trustees by publishing draft guidance on calculating cash equivalent transfer values far too late for it to be effective, according to Mercer	13/08/08
Group SIPPs ideal for executive shareholding plans A Group Self Invested Personal Pension (SIPP) can help senior employers satisfy their company’s shareholding requirements	13/08/08
Retirement lottery Millions are leaving their retirement futures to chance by failing to review their pensions’ portfolio despite the credit crunch, says Baring Asset Management	13/08/08
Country heading for 'Pensions Crunch' The country is heading for a ‘Pensions Crunch’ as over cautious trustees are stripping FTSE 100 companies of much needed cash, warns consultant KPMG	12/08/08
Trustees ‘need to be braver’ The majority of pension fund trustees are failing their members by “following the herd” when it comes to investment strategy and not taking calculated risks, according to Ben Shaw, development director at the Occupational Pension Trust (OPT)	07/08/08
NAPF reacts to financial directors’ concerns The extent to which finance directors are concerned about pensions has been revealed in joint research by the National Association of Pension Funds (NAPF) and the Institute of Chartered Accountants for England and Wales (ICAEW)	06/08/08
Q2 surge causes capacity uncertainty Aon is unsure whether the insurance buy-out market is able to handle the high levels of demand	06/08/08
Senior execs raking in 1/45th accrual rates An estimated forty per cent of senior executives are enrolled in a final salary pension scheme with a 1/45th accrual rate	05/08/08
Hargreaves Lansdown criticises variable annuities Variable annuities are “the Emperor’s new clothes” of the pensions world, according to Hargreaves Lansdown (HL)	05/08/08
Estimated £61bn loss for FTSE 350 £61bn was wiped off the value of pension schemes in the FTSE 350 between 31 March and 30 June 2008, if figures from Mercer are to be believed	05/08/08