Corporates forced to prop up ailing DB plans

Since government bond yields are used to discount future liabilities, a reduction in the discount rate from 6 per cent to 4 increases the reported liabilities by 28 per cent.

The Watson Wyatt survey analysed the accounts of 143 of the top 200 listed companies on the ASX. Of these, 54 companies continue to have a DB obligation while the remaining companies provide DC arrangements only.

It did not cover unlisted companies
(including subsidiaries of overseas businesses), or the public sector.

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Robeco CIO says AI winners and losers will be decided within a year

Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.

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