Take fresh look at longevity assumptions as £130bn 'tied up' from optimism, PwC urges
More than £130bn of company funds are tied up in pension schemes specifically due to lower than expected levels of life expectancy improvements over the last decade, according to PwC.
Schemes have potentially become too worried about undershooting the rate of longevity improvement, meaning that companies have now overpaid for improvements that have not materialised. Pension funds...
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