Santander's pension surplus increases fourfold over first half of 2018

Stephanie Baxter
clock • 1 min read

The overall surplus of Santander's defined benefit (DB) pension scheme has risen by £595m to almost £800m since the end of 2017.

The bank's half-year results published today (13 August) showed the surplus on an accounting basis continued to rise over the first half of the year, largely as a result of a higher discount rate d...

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

Tender Watch: People's Pension reappoints Northern Trust

Tender Watch: People's Pension reappoints Northern Trust

Firm will continue to provide scheme with fund admin and performance measurement services

Professional Pensions
clock 26 October 2026 • 1 min read
'Value horizon' in run-on could increase member outcomes by up to 15%

'Value horizon' in run-on could increase member outcomes by up to 15%

Hymans report says investment strategy is key to achieving scheme objectives in run-on

Alex Levy
clock 22 October 2026 • 1 min read
TPT gets green light to launch as UK's second superfund

TPT gets green light to launch as UK's second superfund

Capital buffer in place to fund first £1bn in transactions and ‘active discussions’ underway

Alex Levy
clock 21 October 2026 • 2 min read
Trustpilot