DB trustees and sponsors hit by falling bond yields in 2004

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IRELAND - Sponsors and trustees of defined benefit pension schemes will find themselves in a worse position now than they were at the beginning of 2004 with deficits widening despite equity market gains, according to Hewitt & Becketts.

Releasing the fourth quarter results of its Group Pooled Pension Fund Survey, InVision, Hewitt & Becketts said bond yields, the basis upon which liabilities are valued, fell in 2004, causing liabil...

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