UK Plc faces 100 billion pound pension bill - study

UK plc could face a 100 billion pound bill over the next three years to plug rising deficits in its pension schemes, new research shows, limiting cash available for dividends, stock buybacks and capital investment.

British companies could be forced to use 13 percent of their cash piles to plug spiralling deficits that could yet worsen, according to the Pension Corporation (PIC), a specialist pension manager...Reuters