Accounting Matters - UK DB pension schemes: One step forward, two steps back

By Stephen BouvierOctober (2020) Magazine

As sometimes happens with Easter, one of the surveys of the UK pensions accounting landscape from consultants Lane Clark & Peacock (LCP) was later than usual. And, like an Easter egg, this keenly awaited overview of the net funding position of FTSE 100 defined benefit (DB) pension schemes comes in two halves.