Irish MFS needs increase from 'junk' bond level

By 2009-01-22T15:00:00

Irish MFS needs increase from 'junk' bond level

[16:00 CET 22-01] IRELAND – The minimum funding standard (MFS) for defined benefit (DB) pensions needs to be revised "as a matter of urgency" as it provides the same level of asset backing as a 'junk' bond, the Statistical & Social Inquiry Society of Ireland (SSISI) has warned.

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