Eurozone crisis increases pensions black hole by £30bn in a fortnight

Total deficits in FTSE350 companies' pension funds are estimated to have increased from £62 billion at the end of April to £92 billion by May 16, the acturary said.

John Ball, head of UK Pensions at Towers Watson said: "Although the stock market has taken a dive, almost three-quarters of the growth in deficits is due to liabilities getting bigger rather than assets losing value....Telegraph