The collective defined benefit (DB) deficit could be slashed by £25bn if schemes used more accurate longevity assumptions, according to Club Vita.
Funds are typically over-estimating longevity and increasing liabilities by 1%, equivalent to paying everyone's pensions for four months after their death. Schemes with over £1bn of assets under management...
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