Barclays scheme deficit hits £4bn

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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 ...

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