Recession on the way for UK Companies
The UK is facing a serious risk of recession within months, the findings of a survey of almost 5,000 small, medium and large businesses suggest.
The British Chambers of Commerce’s (BCC) quarterly report found the credit crunch and rising costs had dented the most important sectors of the economy.
Pension funds change from equities to bonds
Almost half of final salary pension funds have moved assets from equities to bonds in the past year, as they respond to market volatility and aim to match assets more closely with liabilities, figures show.
Some 46 percent of British defined benefits schemes, collectively worth billions of pounds, have reallocated funds from equities to bonds in the past 12 months, according to a survey by Aon Consulting.
Around 54 percent said they had made no change to their investment strategy.