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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB endgame strategies 'not yet set in stone'
Defined Benefit

DB endgame strategies 'not yet set in stone'

WTW finds 57% of schemes plan to review their endgame strategy in the next two years

Martin Richmond
Martin Richmond
clock 28 May 2026 • 5 min read
DB scheme covenant risk rising due to global volatility, LCP finds
Defined Benefit

DB scheme covenant risk rising due to global volatility, LCP finds

Survey shows 49% of respondents say covenant risk has risen over the last 12 months

Martin Richmond
Martin Richmond
clock 28 May 2026 • 1 min read
Amount of extractable DB surplus likely to be below expectations, PPI says
Defined Benefit

Amount of extractable DB surplus likely to be below expectations, PPI says

Institute’s report says scale of surplus accessible remains ‘uncertain’

Martin Richmond
Martin Richmond
clock 27 May 2026 • 4 min read
Trustpilot