Total pension liabilities of FTSE100 companies have risen from £515bn to £557bn in the last 12 months - an increase of £42bn, according to data.
Royal Dutch Shell has the highest liabilities at £54bn - with 15 companies having more than £10bn each, the research from JLT Employee Benefits (JLT EB) showed. Sainsbury's pension liabilities outgrew...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.