UK - Nearly half of the companies in the FTSE 100, with collective UK pension scheme deficits of £37bn, paid out more in shareholder dividends over 2004 than it would have cost them to plug their shortfall.
In addition, Lane Clark & Peacock’s annual Accounting for Pensions survey found six companies - including British Airways and Rolls-Royce - have FRS17 deficits greater than 30% of their market capi...
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