Brexit: Private pension funds are tanking

Ireland’s private sector defined benefit pension fund deficits have soared over the past six months. The funds have faced a double whammy, as falling bond yields have seen a sharp rise in the funds’ liabilities, while the falling stock market has hit the asset side of the pension funds’ balance sheets hard.

Meanwhile, the accruing taxpayer-funded liabilities for current and future public sector defined benefit pensions continue to rise, with ministers negotiating public ...