NAPF Investment Conference: Schemes failing to count cost of longevity, says BlackRock

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Blackrock chief executive officer (CEO) Larry Fink has said many schemes are not counting the cost of longevity which could have a detrimental impact on their liabilities.

Speaking at the National Association of Pension Fund's (NAPF) Investment Conference 2014, Fink drew on figures that showed every £12 saved today led to £1 in retirement. However, a three-year in...

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