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25 Jul 2003
In a study of FTSE-350 company reports, actuarial group Mercer Human Resource Consulting found that the average funding lever of pension funds had fallen from 91% to 74% in the last year.
At the same time, median pension costs, as a proportion of profits, grew from 6% to 8%.
On an FRS 17 basis the study estimated FTSE 350 companies could find themselves with a deficit of as much as £90bn.
The deficit for the whole UK corporate sector could be up to £150bn, according to Mercer's calculations.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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