Scheme sponsors are under pressure to use outdated mortality tables to mask deficits while trying to attract investment or clinch deals, an actuarial firm claims.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 Jone...
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