Report: The Pension Regulator's annual defined benefit statement
It finds UK defined bnefits pension schemes now have combined deficits of more than £23.1 billion.
But, even though it reports companies need to take urgent action to address these deficits, it also finds:
- Employers are opting for “excessive” shareholder remuneration instead
- FTSE 100 firms paid out £90 billion+ in dividends to shareholders in 2018 – a new record for dividend payments
