UK DB sponsor profit warnings rose by 6% in 2023

EY-Parthenon research finds credit tightening cited as key reason for profit warnings

Martin Richmond
clock • 3 min read
UK DB sponsor profit warnings rose by 6% in 2023

The number of profit warnings issued by UK-listed companies with a defined benefit (DB) scheme in 2023 rose by 6% against the number of warnings issued in the preceding 12 months, research from EY-Parthenon shows.

The latest edition of the company's Profit Warnings report found that across the year a total of 72 profit warnings were issued by companies with a DB sponsor, compared to 68 which were issued in 2...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

FCA fines adviser £1.4m over unsuitable DB pension transfers

FCA fines adviser £1.4m over unsuitable DB pension transfers

Philip Pryke exposed clients to ‘significant’ risk of financial detriment

Isabel Baxter
clock 29 November 2024 • 2 min read
Tender Watch: LGPS funds seek pension administration software provider

Tender Watch: LGPS funds seek pension administration software provider

Multi-provider framework agreement sought in support of the LGPS

Professional Pensions
clock 28 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Trustpilot