Credit crunch IAS19 distortion results in £163bn FTSE350 deficit

clock

The deficit of FTSE350 defined benefit pension schemes stands at £163bn with £100bn of the deficit shared by just 20 firms, Hymans Robertson says.

Data from its penSAFE report - which measures the risk defined benefit schemes pose to sponsors and was launched yesterday - highlighted the distortion in reported IAS19 deficits caused by the cred...

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

Partner Insight: UK risk settlement market – A look back over 2024

Partner Insight: UK risk settlement market – A look back over 2024

Martin Bird, Senior Partner & Head of Risk Settlement, Aon
clock 23 December 2024 • 4 min read
Is consolidation enhancing or eroding service provision to DB schemes?

Is consolidation enhancing or eroding service provision to DB schemes?

Assessing the benefits and shortcomings of industry consolidation

Donny Hay
clock 19 December 2024 • 4 min read
DB transfer values drop to a 12-month low in November, XPS finds

DB transfer values drop to a 12-month low in November, XPS finds

XPS says Transfer Activity Index has remained ‘broadly flat’ throughout 2024

Martin Richmond
clock 19 December 2024 • 1 min read
Trustpilot