Question of the day.
When are the pension actuaries and asset consultants going to be sued?
If you haven't been following it, there is a guest blogger on Naked Capitalism who is basically going balistic everyday about the pension bomb in the system.
When that bomb finally goes off, it seems to me that the actuaries (who provide advice on valuing liabilities and massaging expected returns) and consultants (who provide "all care, and no responsibility" advice on asset managers) will be likely targets.
Stay tuned.
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