Risk.net

UK firms shore up deficits

Four of the biggest names from the UK company scene have taken firm action to control their pension deficits as the impact of FRS 17 valuation method hits home.

Barclays Bank, Diageo, British Airways and Sainsbury's all took steps to control their spiralling pension deficits, but it was the actions of Sainsbury's that proved most dramatic, when it gave staff the option of increasing contributions or moving onto a scheme with lower benefits following its first valuation under FRS 17.

This appro

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 indvidual account here: