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Friday, February 15, 2008

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.

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