Two-in-three DB sponsors issue profit warnings in 2020

Hope William-Smith
clock • 2 min read

“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.

The auditor's quarterly analysis of UK profit warnings, released today (26 October), showed a total of 228 profit warnings were issued by listed DB scheme sponsors in the first nine months of 2020....

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB transfer activity falls to record lows in April

DB transfer activity falls to record lows in April

XPS finds transfer activity levels have hit record lows four times in the past year

Martin Richmond
clock 23 May 2024 • 1 min read
FTSE 100 scheme surpluses rise to £42bn by end of 2023

FTSE 100 scheme surpluses rise to £42bn by end of 2023

LCP says FDs should incorporate the accounting implications of surpluses into strategic decisions early

Jonathan Stapleton
clock 22 May 2024 • 2 min read
Schemes urged to take 'strategic pause' ahead of endgame decisions

Schemes urged to take 'strategic pause' ahead of endgame decisions

Hymans says there is ‘value’ in thinking carefully about position before decisions are made

Holly Roach
clock 16 May 2024 • 2 min read
Trustpilot