From: RobertL 
Newsgroups: uk.finance
Subject: Re: Ind: Pension deficits shrink by more than 90 per cent in a year
Date: Tue, 4 Dec 2007 02:18:29 -0800 (PST)
	  
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On Dec 3, 7:08 pm, whitely...@yahoo.co.uk wrote:
> On 3 Dec, 12:18, M Holmes  wrote:

>
> AFAIR many pensions moved out of shares and into more cautious
> investments at precisely the wrong time because people were panicking
> about the deficits.  Employers and employees have had to dig deep to
> repair the mess.

many have had to do this because they closed their doors to new
members.  they then have an aging population of members so a greater
proportion of their funds have to be held in bonds rather than shares.


Robert