One nasty side effect of credit crunch is that pension funds are getting trimmed to the bone, gone are the good years of capital appreciation, many of these monster funds are taking an absolute kicking.

This will stress those companies that have final salary commitments more, as they will hav to divert capital from expansion/development into funding those that are no longer productive.

These commiments have to be meet, and thus those companies will have to make up the shortfall out of thier profits.

Seriously any company you invest in, look at the pension commitments and how well funded it is, many have gone from a good "In the black" postition, to MASSIVELY "In the red".

Is thee any way of determining which companies will be affected?

With pension funds falling so much in value, there is going to be trouble. There's something called the pensions protection fund which has a levy which was crippling a lot of companies even before the insolvencies we're probably about to see are taken into account.

Read more here.....http://www.pensionprotectionfund.org.uk/index/about_the_ppf.htm