The total deficit of FTSE 100 pension schemes would amount to around £100bn if liabilities were valued using "normal" levels of credit spreads, Pension Capital Strategies warns.
PCS calculated those companies would see a 30% increase on average in their pension liabilities, if credit spreads used were from 80 to 100 basis points. According to a latest report, PCS said its estimate...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point