The big correction: Murray on pensions

Defined benefit pension schemes are withering on the vine, but many still exist, and beneficiaries - past and present - need to contemplate the impacts on their funds’ ability to pay out against the background of troubled capital markets hitting both equities and gilts.

In contrast to the world of two decades ago, listed Irish companies’ pension funds have become a focus of considerable interest to both their beneficiaries and the equity investors ...