UK. Pension schemes are a ‘material risk’ to FTSE 250
A significant number of British businesses are sitting on pension schemes that could represent a “material risk” to their business, a retirement consultancy has warned.
An analysis of FTSE 250 accounts has found that 23 businesses – including the AA, Thomas Cook and Balfour Beatty – would have to withhold payments to shareholders for over two years if they needed to clear their pension shortfalls, compared to just seven in the FTSE 100.
The study by JLT Employment Benefits also found that twenty firms have pension plans that dwarf their market value, with Southern Rail owner Go-Ahead’s liabilities almost four times the value of the business.
Full Content: Telegraph
