Biggest businesses cut pension contributions as deficits rise almost 50%

clock

FTSE 100 companies reduced contributions to plug deficits in defined benefit (DB) pension schemes by 23% in the last accounting year, according to research.

But the latest data from JLT Employee Benefits (JLT EB) also showed the deficit of FTSE 100 schemes soared 48% year-on-year to £80bn at the end of 2014. This comes after the Bank of England warn...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 05 March 2025 • 1 min read
Tender Watch: WYPF reappoints Aon for actuarial advice

Tender Watch: WYPF reappoints Aon for actuarial advice

Firm has provided LGPS fund with actuarial services since 2009

Professional Pensions
clock 27 February 2025 • 1 min read
Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

LCP Pensions Explorer measured £5bn increase in FTSE 100 surplus since last month

Jasmine Urquhart
clock 07 February 2025 • 1 min read
Trustpilot