BarCap's Thompson to offer insight into VAR-based pension plan asset allocation decisions
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UK pension plans are in a bind. According to Thompson, Britain’s largest companies are facing a hole in their pension scheme accounts equal to nearly 10% of their market capitalisation. Employee and employer contribution levels were low between 1987 and 1998. Thompson will cite that in 2002, for example, almost one in four employers made no contributions, despite a 25% slump in the stock market. Pension fund average equity ratios of 70% three years ago coupled with a halving of the FTSE-100
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