National Grid has disclosed it has provided short-term loans totalling £325m to its UK schemes as a result of the large shifts in government bond yields in September and October.
The utility half-year results revealed its IAS 19 pensions surplus fall by 14.3% over the six months to 30 September - meaning its net pensions and other post-retirement benefit obligations positio...
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