EUROPE - Around 5% of Europe's top 500 companies have severely underfunded pension liabilities, research by rating agency Standard & Poor's shows.
The figure is based on year end 2001 which, given the fall in stock market values, makes it likely that such liabilities will have increased over the past year. S&P said that such liabilities wo...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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