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.