UK The potential liabilities of the pension lifeboat – the Pension Protection Fund – have rocketed by 50 per cent in little over a week as markets tumbled, Martin Clarke, its director of financial risk, disclosed on Thursday.
But despite global financial turmoil, the fund has yet to see a rise in claims upon it, the key question being how far the banking and liquidity crisis feeds into the real economy, Mr Clarke told the National Association of Pension Funds annual conference in Glasgow.
