Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.
The bitter truth about volatility
Risk assets have regained some ground but equities remain deep in the red after a tumultuous weekend in Greece saw it impose capital controls after calling a surprise referendum over creditors' final bailout demands.
Jonathan Stapleton on the approaching need for passive strategies
Political parties supporting Greece's international bail-out have begun to assemble a government following an election victory over radical left wing opponents.
Schemes could find themselves "frozen out" of the Pension Protection Fund if their sponsoring employer is based overseas and fails certain tests, a lawyer warns.
Andrew Short delves into the Brazillian economy