UK. Pension contributions and rewarding shareholders: getting the balance right
Over recent years, defined benefit pension schemes have become increasingly prominent creditors and stakeholders in the UK corporate landscape.
Between 2007 and 2017, the UK’s combined DB deficit rose from circa £450bn to £700bn (on a buyout basis according to The Pension Protection Fund’s 2017 Purple Book). Despite this dramatic increase, inadequate accounting disclosure requirements have enabled corporate boardrooms to reward yield-hungry investors with ever-greater handouts over the past decade.
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