DB super liability quantified

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AUSTRALIA - The liability represented by defined benefit (DB) superannuation funds in the balance sheets of Australian listed companies has been quantified for the first time at Aus$40bn, according to new research from Watson Wyatt Worldwide.

However, the study found that the total liability was largely covered by assets leaving a net liability of less than $1bn. David McNeice, principal of Watson Wyatt, said: “When compared to some...

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