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Global pension schemes fall in value by £3.8 trillion

Respected consultancy and actuaries Watson Wyatt has today revealed figures suggesting that global pension arrangements have fallen in value by some £3.8 trillion over the last year. While the UK sector has had a very difficult time to say the least it would appear that the worldwide sector has performed considerably worse and there are serious concerns about the ongoing gap in pension liabilities and pension assets.

While different countries have different pension arrangements and different pension regulations there are serious concerns that a number of countries will require some kind of blanket bailout in the future. Countries such as Italy have long been running a substantial state pension deficit and there are concerns that this could have spread into the private pension sector.

Overall, state pensions around the world have fallen in relative terms over the last few years which is a serious concern for the pensioners of the future. While countries such as the UK have made substantial changes to pension regulations and guidelines other countries have not been as quick to act as their liabilities and problems continue to mount up.

As the EU moves closer together there are also growing concerns that many of the stronger member countries will be forced to bail out weaker countries to the tune of billions upon billions of pounds.

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