With actual market returns exceeding investment return assumptions on average for the past three fiscal years, an increase in the actuarial value of assets in fiscal 2006 should be expected, according to a new report by Standard & Poor’s. If the growth in benefit liabilities does not exceed expectations, the trend in funded ratios should stabilize or even begin to rise modestly, the report said. According to S&P’s current survey of fiscal 2005 data, the mean funded ratio for the principal state pensions was 81.8%, and while that was lower than the 83.5% in fiscal 2004, the report said there was reason for optimism.
Rising Stock Markets Mean Higher Actuarial Valuations, Says S & P
With actual market returns exceeding investment return assumptions on average for the past three fiscal years, an increase in the actuarial value of assets in fiscal 2006 should be expected, according to a new report by Standard & Poor's. If
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