TPR's Balanced Funding Outcome branded 'jargon' - Towers Watson

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The Pensions Regulator's (TPR) position on the integration of covenant, funding and investment risk planning "has limitations", according to Towers Watson.

Senior consultant Graham McLean described TPR's Balanced Funding Outcome (BFO) as another piece of industry "jargon". He said: "BFO puts cash going into the schemes over the next few years front...

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