UK - Industry leaders in the UK have welcomed the Association of British Insurers' (ABI) report on insolvency risks and the role of sponsors' covenant as a "useful first step" but cautioned there is still a long way to go for it to be entirely useful.
The report used stochastic techniques to generate a computer model of a 'typical' pension scheme and sponsor in a variety of market situations to explore the risks of either party becoming insolven...
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