image The global share sell-off may have wiped up to $1.5 trillion (753 billion pounds) off the value of global institutional pension fund assets since the start of this year, consulting firm Watson Wyatt said. With the average allocation to equities within pension funds in the 11 largest pension markets at 56 percent, they have felt the pain of the global equities market slump, while pension liabilities grew faster than their assets last year, said Watson Wyatt.

Pension funds lose billions in share slump | Business | Reuters