THE SWITCH to international financial reporting standards has revealed European banks face "significant financial risks" from their pension liabilities, Standard & Poor's says.
A new report by the rating agency studied the defined benefit plans of 44 western European banks. It found UK, Irish and Portuguese banks face the biggest risk from their pensions obligations. ...
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
