Tougher audit stance leading to 'bunched' discount rates

James Phillips
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Tougher audit stance leading to 'bunched' discount rates

FTSE 350 defined benefit (DB) schemes are "bunching" around an average discount rate of 2.8% due to higher yields and a tougher stance from auditors, Hymans Robertson research finds.

While discount rates did vary between 2.7% and 3.1%, nearly nine in 10 companies used a discount rate within 10 basis points of the 2.8% average, compared to 66% in this range of the average last year....

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