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Small firms exposed to pension fund risks, warns Goldman Sachs

Pension pots at FTSE 350 firms were better funded last year - Dominic Lipinski/PA Wire
Pension pots at FTSE 350 firms were better funded last year - Dominic Lipinski/PA Wire

The funding positions of company pension pots improved last year but smaller firms are not managing their risk exposures well, according to Goldman Sachs.

The US investment bank’s annual survey of FTSE 350 pension schemes found many were “in the best position they have been in for a long time” after funding levels improved. However, it cautioned smaller schemes demonstrated more volatile funding outcomes due to “a less robust” approach to risk management.

Goldman Sachs found the very smallest schemes were nearly 15pc less well-funded.

Just under half (45pc) of the FTSE 350 data was for schemes below £500m in size, compared with 87pc for the UK economy as a whole.

Shoqat Bunglawala, of Goldman Sachs Asset Management, said risk management was likely to become more important as companies look to navigate Brexit.

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