Consulting firm AON Hewitt says that the long-term decrease in interest rates has decreased the value of pension plans. The firm’s survey shows that the market value of defined benefit plans is 90.6 per cent. The figures represent a 2.7 per cent drop from the end of last year, the first annual drop since 2011. The number of fully-funded plans was down from 26 per cent at the end of 2013 to 18.5 per cent now.
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