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Firms face bigger pension bills

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08/02/2006

UK employers will have to pay up to an extra £27bn a year in pension contributions, if the Pension Regulator’s proposed changes to scheme funding are put into practice.

The Association of Consulting Actuaries said employers are likely to have to raise their annual pension contributions by 50 to 90% as a result of the changes, which could weaken their financial positions.

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