US auto makers' woes imperil pensions

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Efforts to reform the US car manufacturing industry "lack transparency" but won't necessarily lead to a rise in the number of Pension Benefit Guaranty Corp (PBGC) claimants, despite questions over future funding obligations, according to a former executive director of the US pensions lifeboat.

With two of the Big Three car companies facing an uncertain future, speculation over the fate of their pension funds has been rife.

Bradley Belt, chairman of Palisades Capital Advisors and a former executi