FTSE 100 accounting deficit rose by £70bn in 2016

Kim Kaveh
clock • 2 min read

The total cost of pension liabilities at the UK's 100 largest public companies increased from £586bn to £681bn last year, according to research.

JLT Employee Benefits' study of FTSE 100 defined benefit (DB) pension funds found the total IAS 19 accounting deficit by 31 December 2016 was estimated to be £87bn, up from £17bn the previous year....

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 Industry

The England World Deaf Football Championship squad (Ellis McLean in back row far right)

Good news corner: LawDeb's Ellis McLean competes in football championships

Ellis McLean plays for England tomorrow at the World Deaf Football Championships

Professional Pensions
clock 29 September 2023 • 1 min read
Five stories you may have missed this week

Five stories you may have missed this week

IFoA CEO resigns, Northern Bank completes buy-in and SHPS reports on funding position

Professional Pensions
clock 29 September 2023 • 1 min read
Lothian and Falkirk Council Pension Funds shelve merger plans

Lothian and Falkirk Council Pension Funds shelve merger plans

Discussions over proposed merger to be re-examined in two years

Martin Richmond
clock 28 September 2023 • 2 min read
Trustpilot