Report: The FTSE 100 And Their Pension Disclosures

This quarterly report on pension disclosures from JLT Employee Benefits covers all FTSE 100 companies. It includes analysis of all annual reports for years ending on or before 31 December 2017 and published by 31 May 2018.

Key findings

• The total deficit in FTSE 100 pension schemes at 31 December 2017 is estimated to be £41 billion – an improvement of £14 billion from the position 12 months ago.
• Only 48 FTSE 100 companies are still providing more than a handful of current employees with DB benefits. Of these, only 20 companies are still providing DB benefits to a significant number of employees.
• Last year saw total deficit funding of £8.7 billion, down from £11.3 billion the previous year.
• Only 35 companies disclosed a pension surplus in their most recent annual report and accounts; 54 companies disclosed pension deficits.