06 August 2009
According to research at Lane, Clark and Peacock (LCP) pension
deficits of FTSE 100 firms have reached a record £96bn. The figure
is twice that of last year at £41bn.
LCP warned that some companies are not doing enough to manage
the risks posed by pension schemes to their business.
LCP partner Bob Scott said: "The collapse of Lehman Brothers in
September 2008 had a significant impact on the UK pension schemes
of FTSE 100 companies."
"Asset values fell sharply yet, paradoxically, the effect did
not show up immediately in company accounts as corporate bond
yields rose and inflation expectations fell.
However, since March this year, deficits have ballooned as
aggressive cuts in interest rates and quantitative easing have
caused these factors to reverse."
