Property News · September 1, 2016

Defined benefit pension fund deficit grows by £100bn in a month


Total combined deficit is now £710bn, according to a PwC report, with companies having to halt dividend payoutsThe combined deficit of the UK’s 6,000 defined benefit pension funds has grown by £100bn in the last month, bringing the total deficit to £710bn, according to a new report.The research, by the accountants PricewaterhouseCooper, found that the pension schemes have total assets of £1,450bn but are liable to pay out about £2,160bn in contractual promises to existing and former workers. Continue reading…

Source : theguardian.com
Read more…Defined benefit pension fund deficit grows by £100bn in a month

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