Wednesday, August 06, 2003
BBC NEWS | Business | Pensions 'black hole' doubles
BBC NEWS | Business | Pensions 'black hole' doubles:
"The black hole in the pension schemes of Britain's top 100 companies has doubled over the past year to £55bn.
The annual survey of pensions by the actuaries Lane Clark & Peacock shows the pension deficits shown on company accounts now add up to more than £55bn.
For the finance directors of Britain's biggest companies this latest survey makes uncomfortable reading.
Groups such as ICI or BAE Systems have pension schemes worth two or three times as much as the company. "
LOL, BAE Systems pension scheme. Now, that really *is* the company I work for. And have a pension with. Oh bollocks.
"The black hole in the pension schemes of Britain's top 100 companies has doubled over the past year to £55bn.
The annual survey of pensions by the actuaries Lane Clark & Peacock shows the pension deficits shown on company accounts now add up to more than £55bn.
For the finance directors of Britain's biggest companies this latest survey makes uncomfortable reading.
Groups such as ICI or BAE Systems have pension schemes worth two or three times as much as the company. "
LOL, BAE Systems pension scheme. Now, that really *is* the company I work for. And have a pension with. Oh bollocks.
