Bond index change increases scheme liabilities by £9bn

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CHANGES to bond indices this week have increased FTSE100 scheme liabilities by £9bn on an IAS accounting basis, Redington Partners says.

The consultant said the 2.5pc 2013 index-linked gilt had fallen out of the over five year FTSE ILG index on Monday (August 19). It said this had forced many pension schemes – many who have large...

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