Rising inflation assumptions push Barclays deficit to £1.4bn

clock

The deficit at Barclays' UK Retirement Fund increased 75% in 2013, hitting £1.4bn by the end of the year.

In its final results for the year to 31 December, published today, the bank said the IAS 19 deficit had been pushed up by an increase in UK inflation assumptions from 2.93% to 3.42%. This was pa...

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: Barnett Waddingham and PIC expand partnership

Tender Watch: Barnett Waddingham and PIC expand partnership

PIC takes on full administration services for two schemes ahead of buyout

Professional Pensions
clock 12 March 2026 • 1 min read
DB surpluses hit £220bn as schemes remain 'resilient'

DB surpluses hit £220bn as schemes remain 'resilient'

XPS Group analysis shows DB schemes have seen ‘steady improvement’ over the last 12 months

Holly Roach
clock 12 February 2026 • 1 min read
DB schemes make further progress on funding, Broadstone finds

DB schemes make further progress on funding, Broadstone finds

Firm’s Sirius Index shows slight increases across its modelled schemes

Holly Roach
clock 06 February 2026 • 1 min read
Trustpilot