Firms stumble as pensions decline

With little sign of a stock market recovery, Ireland’s biggest private pension schemes are coming under severe pressure

11th April, 2009

Ireland’s chief executives are only too aware of the collapsing share prices of their companies, but the ongoing stock market slide has created a nasty side effect with potentially far-reaching - and longer lasting - consequences.

The fall in equities has not only hurt their own pockets and wiped out their chance to profit from stock options, but it has also devastated the funding profiles of their staff pension schemes - with worrying...

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