Deficits in defined benefit pension schemes rose by more than 50 per cent during 2014 to €5.8bn by year-end 2014.
That's according to a report by LCP Ireland. Falling bond yields over 2014 had a dramatic impact on corporate balance sheets despite the very positive investment performance of global equity markets.
“Accounting for Pensions 2015” examines the defined benefit pension schemes of 11 of the largest Irish quoted companies (by market capitalisation), 11 semi-state/state-controlled companies and four companies...
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