Reported deficits of FTSE 350 defined benefit (DB) schemes could be set for a 20-fold increase if an EU-wide holistic balance sheet (HBS) is introduced, warns Barnett Waddingham.
The consultancy said shortfalls revealed on an HBS could hit £400bn if the most prudent of the six options under consideration was adopted. Aggregate deficits on an accounting basis stood at £20bn ...
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