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Some firms paying insurers to take on ballooning pension costs

Demand for such transfers may eclipse insurance industry's capacity, giving banks opening to sell "death derivatives"

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Companies in the UK, where benefits are indexed for inflation and mortality estimates are updated annually, have been more aggressive at shifting pension risk. .

Washington

PEOPLE are living longer - and that's bad news for some companies' bottom lines.

As pension plans incorporate new life expectancy estimates into their calculations, investors are glimpsing the financial fallout from ageing societies.

AT&T Inc last month

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