Defined benefit (DB) schemes at the UK's 100 largest listed companies had a £3bn accounting surplus at the end of July, according to JLT Employee Benefits.
The consultant said this is the first time in nearly a decade where there has been no aggregate shortfall for FTSE 100 firms - with assets totalling £676bn on the IAS 19 measure, and liabilities recorded...
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019