18 February 2008
The Pensions Regulator has published proposals under which
final-salary company pension funds could face an investigation into
their finances if their life expectancies are deemed
unrealistic.
The Pensions Regulator is concerned that in many cases where the
pension scheme is in deficit, the trustees have made assumptions
about life expectancy that are much lower than the latest
Government Actuary's Department's data.
The proposals are likely to prove controversial among large
employers as they will add to the costs of funding a scheme.
