UK pension deficit crisis that's hitting home for IR
As recently as the 1990s, Britain’s corporate-sponsored pension plans were the envy of the world. Schemes were flush with abundance. Only the rare fund had a shortfall, and life was good. But now this pension paradise has been turned upside down. Today, a staggering 94 percent of final salary pension schemes at FTSE 350 companies report pension deficits. Six FTSE 100 companies have shortfalls larger than 30 percent of their market capitalization. Underfunding estimates reach as
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