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DEFICITS

FTSE100 firms unable to plug deficits using cash flow

Global Pensions | 31 Aug 2010

UK - More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.

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Strike dates set at AstraZeneca over scheme changes

UK/Global - Employees at AstraZeneca will strike on three dates in September in a row over cuts to its UK pension scheme, GMB says.

Global Pensions | 25 Aug 2010
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PPF 7800 hits £6.6bn surplus in July

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund’s 7800 index improved to a surplus of £6.6bn at the end of July.

Global Pensions | 10 Aug 2010

OTHER DEFICITS ARTICLES

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FTSE100 market values dwarfed by scheme deficits

UK - Ten FTSE100 companies have total disclosed pension liabilities greater than their equity market value, Pension Capital Strategies research shows.

Global Pensions | 09 Aug 2010
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US social security in deficit for first time

US - The recession and an ageing population will force US social security to pay out more than it takes in for the first time ever this year.

Global Pensions | 06 Aug 2010
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FTSE100 deficit repayments hit record £17.5bn

UK - FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn ($27.8bn), data from Lane Clark & Peacock reveals.

Global Pensions | 04 Aug 2010
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New Jersey may forgo 2012 pension payment

US - Governor Chris Christie of New Jersey said the state may not be able to make a required pension payment in the next fiscal year.

Global Pensions | 02 Aug 2010
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BT to fight Ofcom on deficit ruling

UK - British Telecom is to challenge Ofcom’s decision not to take into account its scheme deficit when setting its regulated charges.

Global Pensions | 30 Jul 2010

Scheme funding deal rejected by UK regulator

UK - The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.

Global Pensions | 19 Jul 2010
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US pension deficits near record high

US - Pension deficits at S&P1500 companies reached $451bn at the end of June according to Mercer, just $1bn short of the previous record high set in January 2009.

Global Pensions | 13 Jul 2010 | secure
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States may face pension pressure as new GASB rules widen gaps

US - States may face increased retirement- fund deficits and pressure to stop skipping pension contributions under proposals being reviewed by the Governmental Accounting Standards Board.

Global Pensions | 09 Jul 2010 | secure
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Greece passes pension overhaul

GREECE - Greek Prime Minister George Papandreou passed an overhaul of the pension system in a vote that tested the unity of his socialist government and prompted the second national strike in as many weeks.

Global Pensions | 08 Jul 2010 | secure
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Three quarters of Irish DB schemes in deficit

Ireland - Three quarters of Ireland’s defined-benefit pension plans were in deficit at the end of 2009, the Pensions Board has said.

Global Pensions | 23 Jun 2010 | secure

MOST READ ARTICLES

Investors losing out from high FX fees - Updated

Global Pensions | 24 Mar 2010 | secure

Falling markets lead to summer of discontent

Global Pensions | 02 Sep 2010

FASB updates multiemployer transparency guidance

Global Pensions | 02 Sep 2010

Hewitt completes EnnisKnupp acquisition

Global Pensions | 02 Sep 2010

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