Almost one in 10 blue-chip FTSE 100 companies face pension scheme deficits so vast they threaten the future of the business, a survey suggests.
Pension disclosures of the FTSE 100 have achieved a £4bn overall surplus for the first time in over five years, according to Pension Capital Strategies (PCS), a pensions risk management and recovery adviser.
A long running wage dispute at the Department for Work and Pensions (DWP) is near its end after DWP branch secretaries of the union agreed to certain increases.