Schemes and sponsors should not fool themselves that accounting standard FRS17 gives a true value of liabilities, actuaries warn.
And they believe it should only be used as a “stepping stone” to get funding close to the level expected of life offices. Faculty of Actuaries president Stewart Ritchie said the issue of solvency and...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point