FTSE 100 pension liabilities swell by £42bn

Royal Dutch Shell has the highest liabilities at £54bn - with 15 companies having more than £10bn each, the research from JLT Employee Benefits (JLT EB) showed. Sainsbury's pension liabilities outgrew its equity market value by 13% in the first-quarter, while the liabilities of the International Airlines Group were shown to be almost three times its equity market value. Other companies with greater pension liabilities than equity market value are BAE Systems, RSA, the Royal Bank of Scotland (RBS) and BT. JLT EB director Charles Cowling said: "Pension liabilities can have a considera...