Taking the downs with the ups

By David WhiteOctober 2007 (Magazine)

As the waves of the US sub-prime lending crisis lap on Europe’s shores, how worried should Europe’s pension funds be? The credit crunch has affected banks and institutions that borrow on the capital markets, as liquidity has dried up. But how has this affected Europe’s pension schemes and their investments? The evidence is that pension funds are prepared to ride out market volatility without any significant change of course.