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John Towner: Run-on is fundamentally different to the way that pension schemes are set up and have historically run themselves
UK defined benefit (DB) pension schemes are in the healthiest, best funding position they have been for decades. This is a testament to and product of the careful planning and methodical work that trustees, companies and their advisors have put into their pension schemes over the past twenty years.
While it may be tempting to look at current surpluses and conjure up new approaches to running DB pension schemes, I believe that, ultimately, an insurance buyout will remain the preferred option f...
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