Longevity swap premium helps push ITV deficit to £390m

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ITV has seen it pensions deficit grow to £390m as falling corporate bond yields and a £65m premium on a longevity swap carried out last year pushed up the shortfall.

The broadcaster's annual financial report, published today, revealed the deficit grew from £313 on an IAS19 basis in the 12 months to December. It said the value of scheme assets increased, driv...

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