FTSE100 market values dwarfed by scheme deficits
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.
PCS
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