DB funding ratios fall in Q3
GLOBAL - Funded ratios of defined benefits plans in major global markets have fallen over the third quarter of 2006 with Canada faring the worst with a slide of 4 percentage points, a Towers Perrin market update showed.
The drop in funded ratios was mainly due to the decrease in long bond yields that reversed the gradual rise in yields of the two preceding quarters. According to the report, the funded ratios of Canadian...
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