In many countries, it is illegal to under-fund your pension scheme In the U.K. Gordon Brown made it illegal to over-fund a pension, leading many companies to h

In many countries, it is illegal to under-fund your pension scheme In the U.K. Gordon Brown made it illegal to over-fund a pension, leading many companies to have to take “contribution holidays” when markets were buoyant. Surprise surprise, when markets went down not only were the plans underfunded, there was no spare cash to make up the shortage. One of the many blunders of the worst Chancellor in living memory.