UK DB sponsor profit warnings rose by 6% in 2023

EY-Parthenon research finds credit tightening cited as key reason for profit warnings

Martin Richmond
clock • 3 min read
UK DB sponsor profit warnings rose by 6% in 2023

The number of profit warnings issued by UK-listed companies with a defined benefit (DB) scheme in 2023 rose by 6% against the number of warnings issued in the preceding 12 months, research from EY-Parthenon shows.

The latest edition of the company's Profit Warnings report found that across the year a total of 72 profit warnings were issued by companies with a DB sponsor, compared to 68 which were issued in 2...

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 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
Mortality rates return to similar levels to pre-pandemic, analysis shows

Mortality rates return to similar levels to pre-pandemic, analysis shows

Aon has analysed mortality trends over the last five years, with 2024 reaching similar levels to 2019

Jasmine Urquhart
clock 20 March 2025 • 2 min read
DB pension risks 'weigh heavily' on UK balance sheets

DB pension risks 'weigh heavily' on UK balance sheets

LawDeb finds most see pension scheme as having risks alongside cyber threats

Jasmine Urquhart
clock 19 March 2025 • 1 min read
Trustpilot