of the discussion Professor S. Haberman, F.I.A. (introducing the paper): Firstly I thank the Pensions Board for setting up the Working Party over two years ago and for their support during the period of our research and deliberations.Our paper is quite long. We hope that the discussion will focus on our principal recommendations, set out in Section 4, and the practical implementation and communication of the ideas, set out in Section 7.The important elements of Section 4 are fivefold: (1) The benefits of usin…
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