The proportion of the UK's 200 biggest pension schemes that value liabilities transparently has risen from 53% in 2000 to 79% in 2001, according to a survey by PricewaterhouseCoopers (PwC).
Assessing the value of scheme liabilities can be a key step in deciding on investment strategy. According to PwC, the most transparent method available for measuring liabilities is marking to market, which it contrasts with the "discounted dividend" method.
