FTSE100 market values dwarfed by scheme deficits

market volatility

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

And for three firms - British Airways, BT and Invensys - the scheme liabilities are more than double their equity market value.

PCS estimated the total deficit of FTSE100 pension schemes was £73bn ($116bn) at 30 June, which it said would be about £170bn if liabilities were measured on a risk-free basis rather than using a AA bond discount rate.


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