ABI wants MFP replaced

The ABI wants the Government to appoint a panel to establish a more pragmatic way of assessing pension fund liabilities as a replacement to the minimum funding requirement (MFR). In its response to the Government's review of MFR, the ABI has proposed that a revised funding standard should reflect the realities of investment markets and performance. According to the ABI the standard should accommodate the portfolio mix that pension funds generally invest in, reflecting informed decisions regarding the appropriate risk/reward trade-off. Furthermore, the ABI said any established standard sho...