Many trustees will have seen actuarial reports or funding updates this year that show deterioration in their plan funding. Falling asset values, the expectation of increasing inflation and a strengthening of the pensioner mortality improvement assumption are all impacting adversely on plan funding, and some updates may be using lower discount rates, depending on the date of the valuation and how corporate bond yields feature in the Statement of Funding Principles.
26/09/2008
Is your recovery plan safe?
Many trustees will have seen actuarial reports or funding updates this year that show deterioration in their plan funding. Falling asset values, the expectation of increasing inflation and a strengthening of the pensioner mortality improvement assumption are all impacting adversely on plan funding, and some updates may be using lower discount rates, depending on the date of the valuation and how corporate bond yields feature in the Statement of Funding Principles.
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Well, well, well.. there's some nostalgia on your new pictures blog (where you can't leave any comments, but become a follower (?!!!)
Love Doris in my Suzuki anorak fråm the eighties. Stilish sher certainly was.
Is that your mum next to the Ford Anglia?!!! The Cleethorpes pic with Pam is a bit less... interesting though.
Keep it up.
//Beate
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