FTSE 350 companies' ability to support DB weakest since 2009

Research from PwC

Tom Ellis
clock • 1 min read

The ability of FTSE 350 companies to fulfil their defined benefit (DB) obligations has dropped to its lowest level since the financial crisis, according to research by PwC.

Analysis from the professional services network suggested the support the UK's largest companies provide their pension schemes is at its weakest since 2009. PwC's Pensions Support Index tracks "the relationship between the financial strength of FTSE350 companies and their defined benefit pension obligations, indicating the overall level of employer support offered to these pension schemes". It has rated the companies at a score of 69 out of 100 for 2017 - a 13 percentage point drop over the last 12 months, as the table below illustrates. The biggest factor pressuring scheme deficit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Savers can draw down target retirement income for just 11 years

Savers can draw down target retirement income for just 11 years

Report exposes retirement income gap

Jenna Brown
clock 08 May 2025 • 3 min read
State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read
A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read