Pension funds and financial risk during a "bear" or falling stock market

Falling share prices will clearly affect the value of pension funds. However, where a financial institution managing a pension fund is taken over or nationalised (e.g. Merrill Lynch), what effect will this have on value and security of the funds that they manage?

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j.ditchfield's picture

Mini biog

John Ditchfield worked in Credit Union development for five years before taking the (CII) Chartered Institute of Insurers, Financial Planning exams and qualifying as an Independent Financial Advisor (IFA).