Pension surpluses increase tenfold at top UK companies

By Dawood Fakhir (June 6, 2022, 3:56 PM BST) – Pension surpluses at FTSE 100 companies crossed the £100bn ($125bn) mark in May, from £10bn at the start of 2021 despite continued market volatility caused by the COVID-19 pandemic, a consultancy said Monday.

Annual analysis of blue-chip corporate pension surpluses by consultancy Lane Clark & ​​Peacock showed a continued increase through 2021, ending the year at £59billion.

The biggest companies also have an additional £10billion pension surplus that has yet to materialise. This is due to the long-term impact of the pandemic on life expectancy, which could cause up to…

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