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Pension scheme trustees often underestimate the risk of their sponsor becoming insolvent when determining their long-term funding plan, it has been suggested.

Speaking at an XPS Pension’s briefing on The Pensions Regulator’s Annual Funding Statement today, 22 May, the firm's head of covenant advisory service, Lorant Porkolab, said that the chances of the employer going insolvent over the next 20 years is typically higher than trustees expect

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