I declare an interest here, my background is administration. A long time ago, in a company that became Mercers took a punt on a twenty something with no pensions experience and trained him up. From this, I made my living from making sure that the right person is paid...
For pension scheme trustees undertaking a scheme valuation in 2015 must wonder what they did in a previous life to upset the pension gods. Now facing historically low gilt yields, trustees were looking in 2012 at similarly terrible investment conditions and 2009 they...