FTSE100 firms' deficits double despite billions in recovery payments

clock

Bluechip firms have seen their pension deficits more than double over the last year despite ploughing in a combined total of £11bn to plug deficits, says LCP.

The consultant's Accounting for Pensions Report estimated that the aggregate IAS19 deficit for schemes of FTSE100 companies grew from £20bn to £41bn. Over the year sponsors paid £21.4bn into sch...

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

DB schemes see improved funding levels in December, Broadstone finds

DB schemes see improved funding levels in December, Broadstone finds

Consultancy says 50% hedged scheme saw ‘significant improvement’ in funding position

Martin Richmond
clock 08 January 2025 • 2 min read
New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

Pressure group lobbying MPs and ministers to state its case for investigation into issue

Professional Pensions
clock 27 December 2024 • 1 min read
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
Trustpilot