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Article: Deloitte says FTSE firms are risking pounds 80bn pension pots; PENSIONS.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- July 25, 2008
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Copyright informationCOPYRIGHT 2008 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The investment strategies of FTSE 100 company pension schemes are exposing their corporate sponsors to an pounds 80 billion risk, according to analysis by actuaries at Deloitte. The business advisory firm estimates that the average FTSE 100 firm is putting eight per cent of its market value at risk through its pension scheme.
Deloitte's analysis shows a wide variation in the pensions risk being taken, from less than one per cent of company market value to more than 100 per cent.
Andrew Mewis, head ...