FTSE Companies Defecit Soars- Only 3 left that offer new recuits Finalr Sal

Britain's pension black hole has doubled in 12 months to £96bnsays report  actuary firm Lane Clark & Peacock.  The report that the total FTSE 100 pension gap has rocketed from £41bn a year ago to reach a seven-year high.

This will put even more pressure on those companies that still have final salary scheme to suspend or abandon them altogether.

Cadbury, Diageo and Tesco are the only FTSE companies that still offer still offer final salary schemes to new recruits.

The combination of slumping interest rate, Equity values and increasing life expectancy have all contributed to this situation.