UK - With the Treasury putting UK unfunded public sector occupational pension liabilities at £800bn in 2007, calls have been renewed for the government to implement a proposal that could simultaneously plug the deficit and reduce spiralling costs of private sector defined benefit (DB) pension provision.
The proposal from Baring Asset Management, first published in Global Pensions in June 2007, would involve the UK government 'funding' their contractual pension liabilities with new long-dated infla...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
