Inflation expectations push up DB liabilities

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An increase in long-term inflation expectations has increased FTSE350 defined benefit liabilities by around 3%, according to Mercer.

The Mercer Pensions Risk Survey showed liabilities rising to £575bn in October from £560bn a month earlier. Assets rose marginally by £2bn to £520bn. This left IAS19 deficits at £55bn in October...

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