Higher DB costs could wipe £2bn off FTSE 350 profits

Stephanie Baxter
clock • 2 min read

The 350 largest UK listed companies could see their 2017 profits fall by £2bn as the cost of new defined benefit (DB) scheme benefits rises.

Analysis by Mercer found the annual accounting cost of accumulating new DB pensions had risen by more than £2bn since the start of the year, driven by historic falls in corporate bond yields. Th...

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