Funding ratios prompt calls for more risk transfer in 2013
UK pension funds finished 2012 in slightly better health than they began the year after a rise in asset values pushed average funding ratios to 90%, according to JLT Pension Capital Solutions.
But JLT PCS managing director Charles Cowling (pictured) said the figures should not disguise what had been a difficult year for firms and schemes. In its latest funding update, the firm estimated that...
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