Pensions valuations: A new approach

Con Keating outlines a different method for scheme valuations

clock • 10 min read

Market prices reflect fear and greed, telling us about the last disagreement over value, but little or nothing about an asset's usefulness in meeting future pension payment cash-flows.

It was this growing realisation and disquiet, on the part of, among many, the NAPF, CBI and Association of Member Nominated Trustees, that led to the DWP call for evidence on smoothing. The evidenc...

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