Deficits

High street giant Marks & Spencer has confirmed a £1.3bn deficit following its triennial valuation.

British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn deficit.

UK - British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn (US$5.3bn) deficit.

United Utilities slashed £88m from its IAS19 deficit in just six months after adopting a "sustainable approach" to its pension scheme.

Whitbread will use company assets to back a £100m contribution into its pension fund.

The pension scheme of nearly one-in-10 FTSE100 companies represents a "material risk" to its business, Pension Capital Strategies research reveals.

The Local Government Pension Scheme is currently unaffordable and will wither away unless radical action is taken, delegates heard.

UK - The Local Government Pension Scheme is currently unaffordable and will wither away unless radical action is taken, delegates heard.

Supermarket chain J Sainsbury will tackle almost half of its £1.2bn pension deficit with a £750m property partnership deal.

UK - British Telecom has reported a £2.8bn (US$4.1bn) increase in its net pension deficit on an IAS19 basis.