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Palmer: Evaluating and monitoring sponsor longevity cannot be undertaken formulaically
Schemes need to dynamically and closely monitor the position of their employer covenant and its corporate longevity, ensuring the assessment is not conducted in isolation, the Employer Covenant Practitioners Association (ECPA) says.
In a paper published today (11 January), trustees were advised that failing to identify potential changes to the employer corporate longevity assumptions could be "disastrous" and therefore a "rounded-forward...
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