Experian surplus halves after liability spike

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Credit agency Experian has seen its IAS19 defined benefit (DB) surplus shrink after volatility in the discount rate used to calculate liabilities, its half year report shows.

Over the year to the end of September, the FTSE100 firm's scheme liabilities rose by $113m (£70m) to $983m. Its assets also grew by $67m to just over a $1bn leaving it with a surplus of $52m, do...

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