UK - Changes to defined benefit indexation have saved FTSE100 schemes more than £15bn($23.6bn), Towers Watson estimates.
It said many of the country's largest companies are preparing to record "record windfall gains" as a result of the RPI to CPI switch. The consultant said the average reduction in scheme liabilit...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date