The firm was relegated to the FTSE 250 but is now on the brink of being promoted
Just a quarter of the largest UK companies still provide DB pensions to some of their staff
Ten-fold increase in surplus since the start of 2021
Companies may now look to build on this strengthened position and consider de-risking
British businesses have ploughed £200bn into defined benefit (DB) pension contributions over 15 years to avoid a drop in pension funding levels, according to a report from Lane Clark & Peacock (LCP).
The number of FTSE 250 companies moving to a master trust is set to increase over the next two years, according to research by Willis Towers Watson (WTW).
FTSE 100 risk settlement transactions have reached £70bn as a third of these firms remove longevity risk, according to Aon.
FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
Over half (55%) of FTSE 100 defined benefit (DB) schemes could buyout with an insurer within the next 10 years, according to Barnett Waddingham.
The Pensions and Lifetime Savings Association (PLSA) has called on FTSE 100 companies to meet with pension schemes to discuss their reporting of employment models and working practices.