Pension funds holding toxic assets

The FT delivered more bad news about pensions. According to some research undertaken by a consultancy called Create Research, around 8 percent of global pension fund assets are taken up by toxic assets such as CDOs, CLOs, ABS and SIBs. Around "$700bn" of these assets "could be toxic."

"There is about $400bn to $700bn of this toxic waste sitting on the balance sheets of pension funds, especially in Denmark, Germany, France, Sweden, Japan and the US."

It just gets worse....