Companies overstate liabilities by £60bn amid Covid deaths

James Phillips
clock • 1 min read

Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.

The consultancy said the coronavirus pandemic meant that companies had unwittingly used life expectancy assumptions in their accounts that are too high. The cost of pension liabilities could the...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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