Global firms underestimating longevity differences, LCP warns

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Global firms may be underestimating their defined benefit (DB) liabilities by "tens of billions of euros" because of differing longevity across the countries in which they operate, LCP warns.

According to the firm's 2014 Global Benefits Update, there are "sharp differences" of up to five years in life expectancy assumptions between European countries, which has "profound implications" f...

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