DB liabilities could change by £70bn due to Brexit
A shift in longer dated gilt yields of 0.3% triggered by a Brexit could change defined benefit (DB) liabilities by £70bn according to the Society of Pension Professionals (SPP).
In a report called Would Brexit benefit or be detrimental to UK pensions?, the SPP cited The Pensions Regulator (TPR) and Pension Protection Fund (PPF) who both say a fall or rise in gilt yields of 0.3%...
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