Over the last few weeks, I have written several articles about asset allocation and how you can’t just buy and hold anymore. 

Rattner Floated as Car Czar; Sources: Barclays Planning 2,100 Lay Offs; BG Group Pumping Billions into Brazil Oil; Pfizer Cutting 800 Research Posts; Oil Snaps Week-Long Skid; Commercial Banks Borrowing Less Than Investment Banks; Companies Scramble to Fill Pension Plan Gaps

Emergency powers buried deep in the Paulson bailout bill could be hazardous for your retirement plan, according to Larry Grossman. He says investors are running out of time to set up an offshore account to protect their pensions from the desperate government measures of the future.

Corporate pension plans have been pummeled by the broad slump in equity and commodity markets. After ending 2007 will a surplus of $60 billion, S&P500 companies now have a combined deficit of around $300 billion.

This from the Guardian (UK):

Investors should start seeing the effect on year-end balance sheets, and reforms under the Pension Protection Act of 2006 are likely to complicate matters by forcing companies to spend cash to shore up their plans.

“If your pension plan was invested mainly in equities and equities are off 20 percent, all of a sudden you have a 20 percent shortfall,” William Hernandez, chief financial officer of paint maker PPG Industries Inc , told Reuters in an interview earlier this month.

“It is going to…