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Royal Dutch Shell £5.6 billion Pension Shortfall

FINANCIAL TIMES

By Ruth Sullivan and Megan Murphy

Published: August 5 2009 03:00 | Last updated: August 5 2009 03:00

The financial crisis has plunged the pension schemes of FTSE 100 companies into a record deficit, forcing cuts in benefits for rank-and-file employees, says an annual survey.

Royal Dutch Shell, with a pension shortfall of £5.6bn at the time the report was compiled, had the largest deficit in the survey. BAE Systems, the defence manufacturer, was second on the list with a £4.2bn deficit, followed by BP at £3.9bn and Unilever at £2.6bn.

Full Article: FTSE 100 pension schemes fall to record deficit (Subscription)

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