FTSE 100 slashes DB deficit to near 100% funded
The UK's 100 largest listed companies saw their combined defined benefit (DB) deficit fall by 75% during June, bringing them very close to fully-funded status, according to JLT Employee Benefits.
Measured under the IAS 19 accounting standard, FTSE 100 schemes had a combined deficit of £1bn as of 30 June, down from £4bn at the end of May. With assets totalling £673bn and liabilities amounting to...
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