Companies in the FTSE 100 are on track to clear their pension deficits by 2012, claims Lane Clark & Peacock.
In its latest Accounting for Pensions Survey, the actuarial consulting firm says although the total deficit of defined benefit (DB) pension schemes in the FTSE 100 is around £36bn, the same figure as last year, extra contributions by companies are making a difference. The report reveals contributions have risen to record levels at £12.1bn for 2005, up 12% on the previous year, with the highest contributions paid by HSBC, at £1.3bn, while Royal Dutch Shell paid in £702m, and eight companies paid more into their pension schemes than to their shareholders. But despite the lack of progress ...
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