Two-in-three DB sponsors issue profit warnings in 2020

Hope William-Smith
clock • 2 min read

“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.

The auditor's quarterly analysis of UK profit warnings, released today (26 October), showed a total of 228 profit warnings were issued by listed DB scheme sponsors in the first nine months of 2020....

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Funding levels of UK charity DB schemes continue to rise with reserves hitting £49bn

Funding levels of UK charity DB schemes continue to rise with reserves hitting £49bn

Hymans research finds DB funding level of many schemes has surpassed 100%

Holly Roach
clock 17 September 2025 • 2 min read
UCU joins teacher unions calling for review of TPS pension age

UCU joins teacher unions calling for review of TPS pension age

Government urged to implement recommendation set out in 2011 Hutton Report

Martin Richmond
clock 08 September 2025 • 2 min read
DB surpluses hit record levels in August, XPS finds

DB surpluses hit record levels in August, XPS finds

Consultancy’s research finds aggregate DB scheme surplus rose by £50bn in the last year

Martin Richmond
clock 08 September 2025 • 1 min read
Trustpilot