Economic downturn sees £61bn wiped off FTSE350 values

clock •

THE economic downturn has wiped around £61bn off the value of FTSE 350 pension schemes, a Mercer report reveals.

The consultant said funding levels of the biggest 350 listed UK firms had plunged from a surplus of £14bn at March 31 to a deficit of £47bn at June 30. It said the average funding level was now 90...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Uncategorised

Uncategorised

Alternative investment: reducing food losses

Klaas Smits of Robeco believes reducing food losses will play a key role in the efforts to feed the world's growing population

Klaas Smits
clock 03 October 2011 •
Uncategorised

Bulgarian private pensions moving some funds to state control

BULGARIA - Bulgaria's private professional pension funds will put 20% of their assets under state control to cover early retirement until 2014, Prime Minister Boiko Borissov said.

Elizabeth Konstantinova at Bloomberg News
clock 01 November 2010 •
Uncategorised

Bulgaria raises Pension contributions to cover budget deficit

BULGARIA - Bulgaria has raised obligatory contributions paid by employers and workers to the state pension fund by 1.8 percentage points to cover the widening budget deficit.

Elizabeth Konstantinova at Bloomberg News
clock 20 October 2010 •
Trustpilot