Smoothing risk to taxpayers
Financial Times
2019-03-08
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The way UK companies value their pensions schemes could change after a proposal by George Osborne, the chancellor of the exchequer, to allow the use of historical interest rates. Jane Curtis of the Institute and Faculty of Actuaries explains to demography correspondent Norma Cohen why this risks underfunding pension schemes, eventually swamping the existing protection scheme and forcing a bailout by taxpayers.
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The way UK companies value their pensions schemes could change after a proposal by George Osborne, the chancellor of the exchequer, to allow the use of historical interest rates. Jane Curtis of the Institute and Faculty of Actuaries explains to demography correspondent Norma Cohen why this risks underfunding pension schemes, eventually swamping the existing protection scheme and forcing a bailout by taxpayers.
Related Articles:
http://www.ft.com/intl/cms/s/0/640473fa-3efc-11e2-a095-00144feabdc0.html
http://www.ft.com/intl/cms/s/0/bfd470ee-406a-11e2-8f90-00144feabdc0.html
For more video content from the Financial Times visit http://www.FT.com/video
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