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Age Concern may cut pensions to make up deficit
By Helen Warrell, Third Sector, 12 March 2008
Age Concern England is to consider closing its final salary pension scheme in order to make up an estimated £13m deficit in its fund.
The charity is acting on the results of a three-yearly valuation by actuaries, which highlights increased longevity and more conservative investment returns over the next few years. The organisation claims in its latest annual report that it is a "key commentator on pensions". Age Concern's retirement scheme currently caters for...
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