Deficits

UK - Ten FTSE100 companies have total disclosed pension liabilities greater than their equity market value, Pension Capital Strategies research shows.

Northern Foods will contribute a "proportion" of the £6.4m sale of loss-making frozen food products manufacturer Dalepak to Irish Food Processors Group to help fund its £146.4m scheme deficit.

US - The recession and an ageing population will force US social security to pay out more than it takes in for the first time ever this year.

The part-nationalised Royal Bank of Scotland has cut its pension costs by £144m compared with the first half of last year.

The £16bn Barclays Bank UK Retirement Fund's IAS19 deficit rocketed to more than £4bn in the first half of 2010.

Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.

Part-nationalised banking group Lloyds and its subsidiary HBOS recouped a combined £1.44bn through changes to pension arrangements this year.

UK - FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn ($27.8bn), data from Lane Clark & Peacock reveals.

FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn, data from LCP reveals.

Housebuilder Taylor Wimpey will close the £567m George Wimpey Staff Pension Scheme to future accrual on 31 August, this year.