UK - Nearly half of the companies in the FTSE 100, with collective UK pension scheme deficits of £37bn, paid out more in shareholder dividends over 2004 than it would have cost them to plug their shortfall.
In addition, Lane Clark & Peacock’s annual Accounting for Pensions survey found six companies - including British Airways and Rolls-Royce - have FRS17 deficits greater than 30% of their market capi...
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