LCP: FTSE 100 scheme funding to fall by £100bn if accounting rules change

Kim Kaveh
clock • 3 min read

Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).

According to the consultancy's 26th update of its Accounting for Pensions report unveiled today, a quarter could be hit by £1bn each if this were to be the case. It comes as the International Ac...

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

Half of DB schemes to move to corporate sole trustee model by 2028

Half of DB schemes to move to corporate sole trustee model by 2028

Hymans Robertson says schemes see model as providing time and cost savings

Jasmine Urquhart
clock 22 March 2024 • 1 min read
Industry backs calls for 'further reflection' on DB statements of strategy

Industry backs calls for 'further reflection' on DB statements of strategy

Buzz survey finds nearly three-quarters of respondents support further reflection by TPR

Martin Richmond
clock 20 March 2024 • 2 min read
Charities urged to review DB endgame plans as scheme funding grows

Charities urged to review DB endgame plans as scheme funding grows

Spence & Partners analysis shows run on could be a viable option for some charity plans

Jonathan Stapleton
clock 19 March 2024 • 2 min read
Trustpilot