Tuesday, 2 February 2010

How to park the pension liabilities

You might
"You might see the contract as a pension industry version of a fixed-rate mortgage"

You might also see it as a Credit Default Swap.
PS: When the insurer goes bankrupt, after 20 or 30 years of profits, the pain will be broadly spread across a group with no power to do anything about it. ounds like a Wall Street wnner.

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