FTSE 100 slashes DB deficit to near 100% funded

James Phillips
clock • 2 min read

The UK's 100 largest listed companies saw their combined defined benefit (DB) deficit fall by 75% during June, bringing them very close to fully-funded status, according to JLT Employee Benefits.

Measured under the IAS 19 accounting standard, FTSE 100 schemes had a combined deficit of £1bn as of 30 June, down from £4bn at the end of May. With assets totalling £673bn and liabilities amountin...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

XPS issues funding and investment guide for DB schemes

XPS issues funding and investment guide for DB schemes

Six-part series covers long-term strategy, covenant, investments and valuations

Jasmine Urquhart
clock 31 March 2025 • 1 min read
Tender Watch: Access LGPS pool reappoints Waystone as operator

Tender Watch: Access LGPS pool reappoints Waystone as operator

£52bn LGPS pool reappoints Waystone as operator

Professional Pensions
clock 26 March 2025 • 1 min read
DB surplus extraction is an appealing concept to most, PLSA survey finds

DB surplus extraction is an appealing concept to most, PLSA survey finds

Changes to governing rules driving reconsideration of endgame plans

Holly Roach
clock 20 March 2025 • 2 min read
Trustpilot