Around 40 years ago we experienced the 1970s oil shock, with rising oil prices, rising inflation and rising interest rates. Recently, the opposite has been true: oil prices fell by almost 50 per cent in 2014, inflation is falling and, particularly in Europe, low inflation is adding to growing fear of deflation taking hold. These market movements have had serious consequences for pension funds’ funding levels. Rob Gardner, co-CEO at consultancy Redington, presents six ways to rethink your pension fund investment and derisking strategy in an uncertain global market.
