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I don't have any pension background at all. I hope someone can explain it in more detail. Thank you! From Acted Notes: " Defined benefit schemes...
The investments chapter state the following, "if the liabilities involve a high level of benefit outgo relative to cashflow into the scheme, it...
Section 4.8 Last line before the Question says "Redistribution would occur if contributions were subject to a ceiling but benefits are not." In...
Why do we say that defined benefit schemes may be funded or unfunded, when there is a regulatory requirement to maintain a certain funding level?...
