Using UK economic growth as a barometer for public sector pension payments is "absolute nonsense" which will continue to underestimate costs, John Ralfe says.
Local government pension schemes are using flawed discount rates in their latest triennial valuations to "grossly understate" their liabilities, an independent consultant says.
EUROPE - Pension funds will suffer "significant capital losses" if they continue to invest in sovereign bonds over equities, a leading fund manager says.
Pension funds will suffer "significant capital losses" if they continue to invest in sovereign bonds over equities, a leading fund manager says.
UK - The deficit of the Local Government Pension Scheme has more than doubled to £100bn ($156.5bn) since the scheme's last triennial valuation, a study shows.
The deficit of the Local Government Pension Scheme has more than doubled to £100bn since the scheme's last triennial valuation, a study shows.
BT's rivals have attacked the telecoms giant for seeking to charge customers to help plug its £8.8bn scheme deficit.
UK - British Telecom's rivals have attacked the telecoms giant for seeking to charge customers to help plug its £8.8bn (US$13.1bn) scheme deficit.
The Church of England will discuss its future pension scheme strategy this week but will ignore its contentious 100% equity investment strategy, John Ralfe says.