Top retailers see DB deficits rise 30% as contributions weaken

clock

The defined benefit (DB) pension scheme deficit of FTSE 350 retailers has grown 30% in the past year, according to the latest figures.

This mirrors a similar pattern of spiralling deficits across private sector DB as a whole, with schemes suffering a 70% surge in deficits since last year. The data from JLT Employee Benefits (JL...

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

Clara Pensions CEO questions need for public sector consolidator

Clara Pensions CEO questions need for public sector consolidator

Simon True says need for PPF consolidator ‘not obvious’ in a ‘vibrant’ market

Martin Richmond
clock 26 April 2024 • 2 min read
CETVs 'significantly lower' since last year as Q1 sees 2% decrease

CETVs 'significantly lower' since last year as Q1 sees 2% decrease

Transfer Value Index finds average volumes are £160,000 but 50% lower than last year

Jasmine Urquhart
clock 25 April 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 25 April 2024 • 1 min read
Trustpilot