Longevity risk means more liabilities

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GLOBAL - Pension sponsors should recognise an extra 10-15% of longevity-related liabilities, while facing rapidly declining asset values, according to a report by Hewitt Associates.

The consultant said global pension plan assets had fallen by US$4trn over the course of 2008, while longevity gains across the developed world had increased "hidden liabilities" by 10-15%. Hewi...

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