volume 12, issue 1, P63-78 2006
DOI: 10.1017/s1357321700004700
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Abstract: INTRODUCTIONThe Profession claims to make financial sense of the future, and our particular angle is our purported ability to see past the whims of the short termists and keep an unwavering eye on the long term. The pensions arena has been no different … until now?In June 2003, the Government converted defined retirement benefits unambiguously from an arguably vague promise to a debt, behind which the sponsor has to stand. A series of subsequent legislative changes, including the introduction of Scheme Specifi…

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