The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.
Measured under the IAS 19 accounting standard, FTSE 100 schemes had an aggregated deficit of £3bn as of 31 August, after breaking into a surplus for the first time in a decade at the end of July. With...
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
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
Professional Pensions rounds up some of the latest tender awards from across the industry.