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According to PwC, the new economic realities of low interest rates and investment returns
and high inflation mean scheme deficits are unlikely to improve without action from companies
and trustees.
Jonathon Land, pensions credit advisory partner at PwC, said:
"We are no longer in a standard economic cycle. We are living in a world of low interest rates
and investment returns and relatively high inflation, meaning that without action, pension
scheme liabilities are likely to remain at their current high levels.
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