Nine in 10 FTSE 350 defined benefit (DB) pension schemes could pay off their IAS19 deficit with less than six months of earnings, according to Hymans Robertson.
Its annual FTSE 350 pensions analysis showed that 44% of schemes were in surplus as at 30 June 2018. The consultancy also found that over one in 10 (12%) of the FTSE 350 could buy out without any cash...
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