Fewer than one in four FTSE 100 firms have open DB

Stephanie Baxter
clock

The proportion of FTSE 100 companies with sizeable defined benefit (DB) schemes has fallen to just over half, according to research from JLT Employee Benefits (JLT).

In the 12 months up to 30 September 2014, the number of companies providing schemes incurring ongoing service costs of more than 1% of total payroll plunged from 65 to 56. Of that number, just 2...

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

Partner Insight: Using DB surplus to support DC provision

Partner Insight: Using DB surplus to support DC provision

Aggregate defined benefit (DB) funding levels have improved to over 130% resulting in over 80% of DB schemes now being in surplus.*

Yassin Isman, Associate Partner, Aon
clock 13 May 2024 • 4 min read
Tender Watch: Dalriada appoints two firms to audit panel

Tender Watch: Dalriada appoints two firms to audit panel

Dalriada appoints Assure UK and Cooper Parry to its panel of auditors

Professional Pensions
clock 13 May 2024 • 1 min read
50% hedged scheme funding sees improvement as gilt yields return to recent highs

50% hedged scheme funding sees improvement as gilt yields return to recent highs

The funding impact for well-hedged schemes will depend on exposure to non-hedging assets

Jonathan Stapleton
clock 10 May 2024 • 1 min read
Trustpilot