Top 10 Underfunded UK Pension Schemes

The list is based on the current funding level of each pension scheme within the FTSE 100 companies, with 100% funding meaning all pension holders receiving their pension entitlement in full.

Mondi PLC has the unfortunate accolade of having the most underfunded pension scheme currently within the FTSE 100. The international packaging and paper group is a whopping 56% underfunded, meaning over half of its pension holders would receive nothing if draw down occurred today.

Next on this list is Sage Group, closely followed by Fresnillo PLC. The UK supermarket giant Tesco is in 9th place, with WPP PLC rounding off the top 10.

In monetary terms, Royal Dutch Shell has the largest pension deficit. The energy company currently has over £9.5 billion of pension liabilities, equating to a pension deficit of 15%. BT and BP are close behind with £7.5 billion and £7.3 billion of pension liabilities respectively.

Below is the top 10 list in full.

  1. Mondi PLC – 44%
  2. Sage Group – 56%
  3. Fresnillo PLC – 59%
  4. GKN – 61%
  5. TUI AG -61%
  6. InterContinental Hotels – 61% 
  7. Hammerson – 61%
  8. Dixons Carphone – 66%
  9. Tesco PLC – 67%
  10. WPP PLC – 74%

If you have a pension from a company on this list, or would like to find out if your pension scheme is adequately funded, feel free to contact us at hello@expatsipp.com.