IAS19

The combined defined benefit deficit of FTSE350 firms has risen 50% during the first four months of this year, research from Mercer shows.

Taha Lokhandwala looks at the impact of IAS19 on deficits

Royal Dutch Shell has reported a $19.2bn (£12.3bn) impact on its balance sheet after implementing the revised IAS19 accounting standard for its pension scheme, its latest results show.

Home Retail Group has closed its defined benefit scheme to existing members after its latest triennial valuation revealed a £158m deficit.

Lloyds Banking Group has taken a £2.1bn hit to its balance sheet after adopting revised accounting standards for its pension scheme 12 months early.

Tesco has seen its defined benefit deficit increase by more than £500m despite a bump in contributions after its triennial review, its final results show.

The on-going volatility in defined benefit scheme funding continues as £11bn was added to FTSE350 deficits over March, research from Mercer shows.

Kingfisher has increased its defined benefit surplus after closing its scheme to future accrual during the 2012/13 financial year, its preliminary results show.

Liability assumptions have wiped out higher than expected asset returns and a de-risking exercise for the Johnston Press Pension Plan, its final year accounts show.

Supermarket giant Morrisons has seen its two defined benefit schemes swing from surplus into deficit after lower returns on assets, its final results show.