BBC shares huge pension deficit problem with many other UK employers

Times Online – Investment returns have been diabolical. Share values collapsed last year by 30 per cent. Commercial property — office blocks and shops — slumped in value. Hedge funds, in which the BBC fund has been dabbling, proved far from damage-proof.

Liabilities have been rocketing because of soaring life expectancy. Bluntly, former BBC personnel have not been dying as early as the fund’s actuaries predicted that they would.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , . Bookmark the permalink.

Comments are closed.