Bluechip firms have seen their pension deficits more than double over the last year despite ploughing in a combined total of £11bn to plug deficits, says LCP.
The consultant's Accounting for Pensions Report estimated that the aggregate IAS19 deficit for schemes of FTSE100 companies grew from £20bn to £41bn. Over the year sponsors paid £21.4bn into sch...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
