DB sponsors account for one fifth of H1 2023 profit warnings

Over a quarter of warnings were issued by companies in the consumer-facing industry

Martin Richmond
clock • 2 min read
DB sponsors account for one fifth of H1 2023 profit warnings

Nearly one fifth of all profit warnings issued by UK-listed companies in the first half of the year came from firms sponsoring a defined benefit (DB) pension scheme, research from EY-Parthenon has shown.

The company's Profit Warning analysis revealed of the 141 profit warnings issued by UK-listed companies so far in 2023, 27 of them were issued by companies which sponsored a DB scheme, compared to ...

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

Average time to buyout falls to 4.6 years, Barnett Waddingham finds

Average time to buyout falls to 4.6 years, Barnett Waddingham finds

Barnett Waddingham End Gauge Index measures aggregate surplus at £63bn

Jasmine Urquhart
clock 22 January 2025 • 1 min read
Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Tender Watch: SYPA appoints Northern Trust as custodian

Tender Watch: SYPA appoints Northern Trust as custodian

LGPS pool appoints Northern Trust as custodian for South Yorkshire Pension Fund

Professional Pensions
clock 09 January 2025 • 1 min read
Trustpilot