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1/31/2006: Actuaries and the Pensions Crunch (PDF) (The Economist via Ryan ALM, Inc.)
7 pages. Excerpt: False precision and reckless approximation have defined the actuarial profession's role in the crisis that has enveloped corporate pensions on both sides of the Atlantic. Although actuaries have not been the only cause -- companies, trustee boards, governments and accounting rules have all played their part -- they have been surprisingly hapless at their main task: forecasting funds' future liabilities and assessing how many assets will be required to meet them.
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