This could be in situations such as:
Punter Southall’s response to the call for evidence on whether to introduce a new statutory objective for the Pensions Regulator.
What is the current position?
Actuarial valuations are undertaken based on market prices and yields on the date of the valuation. Assets are taken at market value and liabilities are priced using discount rates set with reference to gilts or other similar markets on the valuation date. Gilt yields have fallen significantly over recent years due in part to quantitative easing and this has led to widening deficits.