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Pensions Regulator says firms must face pension funding facts

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.