As the US secretary of defense Donald Rumsfeld famously said at a conference in 2002, there are three types of information: the known knowns, the known unknowns and, finally, the unknown unknowns.
Even the list of know unknowns is impossibly big for schemes. There is uncertainty about future longevity increases, about whether future investment returns will go up or down, and the outlook for inflation...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.