FTSE350

IAS 19 is the accounting standard many sponsors use to make disclosures about their defined benefit schemes in their records. But a report from Lincoln Pensions argues IAS 19 is not good enough. Michael Klimes investigates.

FTSE 350 companies may need to reconsider whether to pay dividends after the total deficit has climbed to £207bn by the end of August.

Total deficits of UK defined benefit (DB) schemes have reached an all-time high for the sixth month in a row, according to JLT Employee Benefits.

Companies could increase their defined benefit (DB) contributions rates to meet a £770bn funding gap over the next 60 years.

Twice as many FTSE 350 companies with defined benefit (DB) schemes are supported by a weak sponsor covenant than in 2006 according to PwC.

Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.

Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.

Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.

Total funding levels of defined benefit (DB) pension schemes have improved since January despite volatile markets and low interest rates, according to JLT Employee Benefits.

Trustees have yet to prioritise cash management despite the fact that half of FTSE350 defined benefit (DB) schemes are turning cash flow negative, according to Hymans Robertson.