FTSE 100 slashes DB deficit to near 100% funded

James Phillips
clock • 2 min read

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 amountin...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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