Barclays scheme deficit hits £4bn

clock •

The £16bn Barclays Bank UK Retirement Fund's IAS19 deficit rocketed to more than £4bn in the first half of 2010.

While attention will inevitably be focused on pre-tax profits of £3.9bn - up 44% on the 31 December figure - the group's defined benefit pension shortfall has also increased £494m this year. In ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Charity DB schemes' positive funding levels to encourage focus on endgame planning
Defined Benefit

Charity DB schemes' positive funding levels to encourage focus on endgame planning

Spence report finds 44% of charities no longer making deficit recovery contributions

Martin Richmond
Martin Richmond
clock 10 April 2025 • 3 min read
DB transfer compensation drops in Q1, Broadstone finds
Defined Benefit

DB transfer compensation drops in Q1, Broadstone finds

But firm says if markets continue to fall, redress levels will likely rise back up

Holly Roach
Holly Roach
clock 10 April 2025 • 1 min read
PPF 7800 aggregate surplus falls by £17bn in March
Defined Benefit

PPF 7800 aggregate surplus falls by £17bn in March

Lifeboat fund’s index shows funding ratio dropped by 1.4% in March to 124.7%

Martin Richmond
Martin Richmond
clock 08 April 2025 • 3 min read
Trustpilot