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January 08, 2005
Pension funds need big bluechip rise
Reuters reports in Pension funds need 30 percent stock rally that current shortfalls in pension funds could only be wiped out by very major rises in stock price.
Reporting on an increase in the pensions shortfall, from ��60 billion to ��65 billion in 2004, professional services firm Deloitte & Touche LLP also expects that trend to be reversed, with trading by the end of 2005 returning the deficit levels equivalent to before 2004 losses.
However, Aon Consulting had already reported in December that on current trends, it would take another 12 years to have ther shortfall properly redressed.
Posted by at January 8, 2005 03:44 PM
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