Longevity increase could increase deficits 50%
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
By analysing the financial results of 19 companies in the FTSE 100, it found a two-year increase in longevity would increase their total 2014 reported pension deficits by 47% to almost £75bn. This longevity...
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