Sunday December 8, 2019

Defined benefit pension deficits up 50 per cent

Falling bond yields have dramatic impact as funding levels fall to 83 per cent

26th November, 2015
Defined benefit schemes hardest hit. Pic: Pixabay

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Patient advocates are unhappy with the latest report on the national cervical screening programme and want further reviews, but some medical experts say resources would be better used elsewhere

Susan Mitchell | 29 minutes ago

Britain’s so-called ‘election of a generation’ is as muddled and confused as the Brexit debate that preceded it. On the ground in a number of constituencies, it proves difficult to take the temperature of this strangest of political contests

Susan O'Keeffe | 29 minutes ago

Undisclosed pay deals, secret pensions and underpayment of tax are just some of the problems left by John Delaney, as last week’s press conference revealed that the FAI has a long road ahead of it

Róisín Burke | 29 minutes ago