EY Parthenon

EY-Parthenon report shows 18 profit warnings were issued by UK sponsors with a DB scheme

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

One quarter of profit warnings in the UK in Q3 came from companies with DB schemes

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

Mercer sells UK admin arm to form employee benefits and pensions company Aptia

Profit warnings are up, but majority of DB schemes have long-term funding plan in place

Guide comes in a bid to help consultants and trustees navigate ESG covenant risks

Increases in overheads cited as reason for issue of profit warnings

Profit warnings almost double between Q2 and Q3 but remain below the 2020 peak