LCP European Pensions Briefing 2011
30 November 2011

 

The world’s largest multinationals’ pension deficit has almost doubled to €290bn so far this year, illustrating the size of the risks they face.

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At the end of 2010 the world's 100 largest companies disclosed pension liabilities of €1 trillion and deficits of €180 bn. Now in its fourth year, LCP's European Pensions Briefing focuses on the unique circumstances - caused by a combination of regulatory pressures and market volatility - which are prompting Finance Directors to review their pension plans.

 The briefing is in two sections:

  • Part one identifies key planning issues on the corporate finance agenda, including the impact of IAS19, the threat of a Solvency II-type directive to European pension schemes, the increasing pressure to de-risk and offers a look at investment techniques to manage the  corporate risk profile. It also includes a focus on the Irish pensions landscape in the light of extensive regulatory change and emerging corporate reaction.
  • Part two reports the results of LCP's survey of the world's 100 largest multinationals and analyses the relative strengths and weaknesses of the corporate pension position.