Profit warnings from firms with DB schemes up 70%

Profit warnings are up, but majority of DB schemes have long-term funding plan in place

Holly Roach
clock • 5 min read
Profit warnings from firms with DB schemes up 70%

Profit warnings from UK-listed companies with a defined benefit (DB) pension increased 70% in H1 2022 compared to H1 the year prior, according to EY.

The auditor found firms with a DB scheme issued 34 warnings in H1, up from 20 in H1 2021. It also revealed "a record" 60% of profit warnings issued in Q2 2022 were prompted by rising costs, whil...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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