FTSE 100 payouts fail to dent pension black hole

Unprecedented pension payouts by UK companies and rising stock market returns have failed to dent a collective FTSE-100 pension deficit of £36bn (€52.6bn) in the past year, according to actuaries Lane Clark & Peacock.

The collective deficit stood at that value as of mid July under the IAS19 accounting standard. It compares with £37bn in July last year.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It