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crashmonitor

Ftse 100 Companies' Pension Deficit Rises To 0.615 Trillion

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Guess that's what you get when you have had a UK equity market that has produced 3% dividends and zero growth otherwise for 17 years, a mega pension deficit.

And they have not got the British tax payer to soak like the public sector with its own 2 trillion off balance sheet deficit courtesy of crap investment returns.

http://www.cityam.com/223721/ftse-firms-fear-pension-pain-workers-retire

Edited by crashmonitor

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Guess that's what you get when you have had a UK equity market that has produced 3% dividends and zero growth otherwise for 17 years, a mega pension deficit.

And they have not got the British tax payer to soak like the public sector with its own 2 trillion off balance sheet deficit courtesy of crap investment returns.

http://www.cityam.com/223721/ftse-firms-fear-pension-pain-workers-retire

These pension guys are bagholders, they need to get short. :lol:

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>Six firms, ...have total disclosed pension liabilities almost double their equity market value


Isn't that trading whilst insolvent?


>The total deficit in FTSE 100 pension schemes had reached £89bn at 31 March, a deterioration of £30bn from 12 months earlier.


Pension funds rely on these large companies to pay dividends to support many pensioners. Those companies can't even pay the pensions of their own employees.


It appears the tide of demographics (dependency ratios) has reached our feet. Government and central banks will do their ceremonial dances but the tide is still rising.


What we need is another great *****. (King Canute, not Gordon Brown) who would say something like:


'Let all men know how empty and worthless is the power of central bankers, for there is none worthy of the name, but He whom heaven, earth, and sea obey by eternal laws.'"



(OK, I may have had too much coffee this morning)

Edited by VeryMeanReversion

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