Corporate risk manager of the year: BMW
Rising life expectancy is a wonderful testament to giant leaps in medical science and the result of healthier lifestyles, but it’s causing havoc with company pension schemes. According to a report by consultancy firm Lane Clark & Peacock last May, FTSE 100 companies have, on average, added nearly a whole year for each of the past three years to the life expectancy estimates within their pension scheme accounting disclosures. Throw in low government bond yields and volatile equity prices, and it
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