Pension Discounting: The Brits Have It Wrong Too

Posted by Jeffrey Brown on Apr 27, 2011

Filed Under (Retirement Policy)

Today’s Financial Times has reported on a letter signed by me, my Illinois colleague George Pennacchi, and 21 other pension experts in the U.S., the U.K., and Australia explaining why the Chancellor of the Exchequer needs to re-think how pension discounting is done in the U.K.  It seems the U.S. is not the only nation having trouble grappling with basic financial economics.