Saturday, January 19, 2008
Another Black Hole for Pension Schemes
Plunging commercial property values have hit Scottish Equitable Pensions with some funds seeing 17% falls in commercial property values over the last 6 months. Scottish Equitable has now introduced a 12 month lock-in period for investors trying to move their money out.
While many people want lower property prices they must also recognise the potential impact on PensionSchemes.