Monday April 6, 2020

The softly, softly approach won’t work when it comes to pensions

Comment: The regulator must set tough standards to ensure pension promises are delivered.

27th April, 2014

Some people say that the current minimum standards being laid down by the regulator for defined benefit pension schemes are unrealistic, are too tough and should be changed.

Well, is this a reasonable assessment?

There are minimum standards laid down covering interest rates, investment returns, life expectancy, and so on. Let's look at one of these, the long-term interest rate assumption, which cannot be more than 4.5 per cent per annum.

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