OTPP head defends "very low" discount rate

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CANADA - Ontario Teachers' Pension Plan (OTPP) CEO Claude Lamoureux has defended his plan's discount rate, which is widely believed by the industry to be extremely low.

OTPP has seen its unfunded liabilities soar from C$19bn to $32bn in one year - despite enjoying double digit returns for two years. According to Lamoureux, the plan uses a formula to calculate t...

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