Balancing the books

Liability-driven investment


Pension deficits are quickly becoming the number one item on many UK company agendas. The introduction of accounting standard FRS17 last year elevated pension liabilities from little-noticed items in the footnotes to headline-grabbing figures on the balance sheet, while a sharp drop in UK bond yields in January briefly added an estimated £30 million to the pension deficits of FTSE-100 companies.

Pension black holes have obstructed mergers and acquisitions involving UK firms, while the country

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: