PPF annual report reveals adoption of more prudent longevity assumptions

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THE PENSION Protection Fund (PPF) has adopted more conservative longevity assumptions in a move that has reduces its solvency ratio from 92pc to 88pc.

The lifeboat fund’s annual report said the fund was “acutely aware” of improvements in life expectancy and wanted to adopt more prudent assumptions. PPF chief executive Partha Dasgupta said: "2...

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