Friday, 17 October 2008

Banks and their pension schemes

This is interesting:

Defined benefit (DB) pension liabilities of some of the world largest banks are now significantly greater than the bank’s equity market value, according to Pension Capital Strategies (PCS).

The advisory firm’s latest report on the FTSE100 pension schemes revealed equity investments held by the pension schemes of HBOS, Lloyds TSB and RBS may outstrip the bank’s own equity market values.

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