Scheme sponsors are under pressure to use outdated mortality tables to mask deficits while trying to attract investment or clinch deals, an actuarial firm claims. And Punter Southall said ignoring latest mortality assumptions was "just one way" company directors could obscure the real size of scheme shortfalls.
It said accounting standards FRS17 or IAS19 were generally seen as a reasonable first estimate of a scheme’s liability exposure when sizing up an investment opportunity. But partner Richard Jones said:...
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.