800 firms face defined benefit pension deficit

City A.M. Reporter
RESEARCH from the Pensions Regulator yesterday revealed that a quarter of the 2,000 company pension schemes due to agree a new funding arrangement by the end of year have a significant funding shortfall and would need to make large increases in additional payments to cover the deficit or make “substantial use” of other available facilities.

Around 55 per cent of the firms surveyed needed to make no adjustments or only minor changes.