Anglo is top of the list on pension scheme funding

ANGLO Irish Bank is one of just three of Ireland’s largest firms to have sufficient assets in their pension scheme to meet the retirement needs of employees.

RTÉ and the National Treasury Management Agency (NTMA) are the only other firms among 33 firms surveyed to also have enough assets in their pension schemes to meet their accounting liabilities, according to a report from business consultants LCP.

The deficits of defined benefit pension schemes at Ireland’s largest private sector companies and state-owned bodies have risen by around €9 billion since January to €16bn at the end of September 2010.