ThreeBears_SmoothFundingEnd2025_Jon_08Jun2026
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ruin_outcomes
[smoothfunding] [outcomes] [ruin_outcomes]

The table below shows the chance of ruin over time for current pensioners with RPI increases, with conventional gilts alone held comparing MtM with Off. While the mean solvency results looked pretty good, that doesn’t mean there is no chance of ruin. Wider and richer results are to be seen here.

TableRuinPenFixRPI_15Jun2026