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.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: