Regulator To Force Realism

The UK pensions regulator is to force companies to use more realistic projections of how long workers will live after retirement.

The regulator will propose a tougher mortality standard early next week. These changes will affect 99.5% of all schemes, and will increase stated liabilities by 6-8%.

In other words, companies will find their profits hit and shareholders/pensioners/workers will suffer as costs and dividends are cut.