Ditch gilts-based valuations to generate £40bn of value, TPR urged

James Phillips
clock • 2 min read
Mody: This kind of reference point creates a herd mentality
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Mody: This kind of reference point creates a herd mentality

Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.

Any change to the defined benefit (DB) funding regime should therefore refrain from tying parameters to gilts and instead focus on scheme cashflow obligations, the firm said. Responding to The Pensions...

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