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It is also contributing to a misalignment of resources with pension funds continuing to invest in low yielding sovereign debt even though equity yields are higher and provide real yields as against nominal. Exactly the reason why George Ross Goobey of the UK's Imperial Tobacco Pension fund started the shift to equities by the UK's pension funds during the 1950s.

There appears to be little if any debate on the impact of error margins on the analysis of assets and liabilities which should be a critical aspect of any supposedly "scientific" methodology.