Dividend warning as FTSE 350 deficits soar 135% to 'dizzying heights'
FTSE 350 companies may need to reconsider whether to pay dividends after the total deficit has climbed to £207bn by the end of August.
The UK's 350 largest companies' deficits had grown by £51bn over August on an IAS 19 accounting basis, according to JLT Employee Benefits. The aggregate deficit as of 31 August is more than double the...
More on Defined Benefit
David Fairs: Four weeks left to influence the future of DB funding
As TPR’s consultation on the principles underlying the revised code of practice for DB funding enters the final straight, David Fairs set outs why you should give the watchdog your views.
NHS scheme pays deadline further extended to March 2021
NHS Pension Scheme members in England and Wales have been given a further six months to take advantage of the voluntary scheme pays process for the 2018/19 deadline.
DB funding - July 2020: FTSE 350 scheme funding hits lowest level in three years
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2020 estimates on the various measures…
Exclusive: Industry hesitant to second guess mortality rate changes
The industry does not expect future mortality improvements to change despite the 60,000 excess deaths from the Covid-19 pandemic, a Society of Pension Professionals (SPP) poll finds.
Revised DB funding regime could be 'too rigid' and 'have damaging effects'
The Pensions Regulator’s (TPR) proposed revisions to the defined benefit (DB) funding code could reduce member security, Lane Clark & Peacock (LCP) has warned.
