Frank O'Donnell

FTSE 100 pension deficits have remained high at a combined £73 billion despite a 200% increase in funding since 2008, according to Pension Capital Strategies’ (PCS) annual report, while liabilities have increased to £434 billion.

Deficits have decreased by £17 billion from last year’s £90 billion, but there has been a rise in the number of pension schemes representing a material risk to businesses, according to PCS. It said 10 FTSE 100 companies had disclosed pension liabilities exceeding their equity market value – more than twice as much in the cases of British Airways, BT and Invensys.

FTSE 100 pension deficits have remained high at a combined £73 billion despite a 200% increase in funding since 2008, according to Pension Capital Strategies’ (PCS) annual report, while liabilities have increased to £434 billion from £278 billion in 2009.

Last year saw total deficit funding of £11.8 billion, up 200% from 2008’s £4 billion.