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Sponsoring employers of defined benefit (DB) schemes have been urged to consider the accounting implications of bulk annuity transactions in order to avoid a hit on their profits, research from XPS Pensions Group has shown.
XPS Pensions Group has promoted four new partners across its risk settlement, corporate advisory and trustee governance services businesses as well as its facilities and procurement functions.
UK companies are at risk of overstating pension liabilities by up to £45bn, according to research by XPS Pensions Group.