Galvin: 'real challenges' for one in five schemes with valuations this year

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The Pensions Regulator has reiterated its stance that most firms currently agreeing funding valuations will not need to significantly increase deficit recovery contributions.

But, speaking at the Society of Pensions Consultants Conference today, chief executive of the watchdog Bill Galvin admitted that one in five schemes faced "real challenges". Galvin said TPR rese...

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