Valuation cycle means 'lucky schemes enjoy good market performance'

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A number of pension funds are avoiding poor valuation results because of the fortunate timing of their three-year cycles, according to Hymans Robertson partner Patrick Bloomfield.

He explained that schemes that had their valuations towards the end of 2009 and early 2010 benefitted from an uplift in market conditions following the crash of 2008. Bloomfield said: "They may...

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