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KPMG is a global network of legally independent professional firms with over 140,000 employees in over 140 countries. KPMG has 22 locations in the UK.

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KPMG warns against sacrificing business growth to prop up pension funds in its latest Pensions Repayment Monitor.  Despite over £11 billion being spent on pensions deficits in 2009, almost a third (32 percent) of FTSE-100 companies cannot ever meet pension fund deficits from current discretionary cash flow, according to the report. This represents the highest level in the survey's five year history and compares with 22 percent of blue chip companies in 2008 that could not pay off their pension shortfall in any realistic timeframe.

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