Global Pension Finance Watch Fourth Quarter 2011 - Pension Index - Tower Watson

Pension Finance Watch (global edition)

January 2012

Global Pension Finance Watch — Fourth Quarter 2011

Comments

In the fourth quarter, the favorable impact of positive asset returns was largely offset by continuing declines in discount rates, causing Pension Index movements for the quarter to be relatively small. For the full year, however, subpar returns and declining discount rates brought major Pension Index declines.

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Pension Finance Watch (global edition)