By Simon Read: Personal finance reporter: 15 June 2016
Some 35 of the biggest UK firms with pension deficits pay more in dividends than their shortfalls, analysis shows.
Pension firm AJ Bell calculated that 54 FTSE 100 companies had paid out £48bn to shareholders a year in the past two years.
That’s almost equal to the total £52bn recorded deficit of their combined pension schemes in 2014.
“The plights of BHS and Tata Steel have brought this into focus,” said Russ Mould, investment director of AJ Bell.