The woman and Man with a pension plan
Ros Altmann says it's only a matter of time until a large UK company is pulled under by its troubled pension plan. Is that a bird? A plane? No, it's Super Man (Investments) with a plan for the plans, writes David Walker
UK pension trustees face the possibility of their schemes failing, and pulling their sponsoring company under with them if they do not look beyond their typical 60% equities and 40% bond allocation, according to Ros Altmann, a leading UK independent consultant on pensions.
Speaking at a Man Investments briefing in London in late October, Altmann said: "It's inevitable there will be big companies being bankrupted by their pension schemes," if a change of trustees' mind-sets was not forthcoming.
The
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