Sunday, 2 May 2010

UK pension deficits deepen despite FTSE's sharp rise

The pension deficits of Britain's biggest companies have deepened over the past 12 months despite the sharp rise in stock markets, new research shows.

The combined pension deficits of companies in the FTSE 100 reached £73bn at the end of April, up from £52bn a year earlier, according to Pension Capital Strategies (PCS), an advisory group that is owned by insurer Jardine Lloyd Thompson. For the FTSE 350, the deficit had increased to £88bn from £60bn.

The projected liabilities of companies' defined pension schemes have outstripped the rise in the value of the assets they hold, thanks in part to an increase in inflation expectations. more...


Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by 2008

Back to TOP