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A tale of two actuaries: how discount rates shape the future of public pensions

Funding, discount rate, cuts, deficit
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Paul Guilliotti, director of Financial Services, Richmond and Wandsworth Councils argues that current high funding levels should be approached with caution as marginal changes to discount rates can potentially have a significant impact.

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Within the challenging framework of the LGPS, few factors have as much impact or debate as what is the appropriate discount rate for a

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