Using prudent assumptions to assess longevity swaps on an accounting basis could mean schemes are paying "over the odds" for certainty, Club Vita says.
Longevity consultant Andrew Gaches said a prudent funding basis is fundamentally the wrong place to start when assessing the cost because schemes risk giving away hard fought-for margins in their reserves....
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