Barclays' pension deficit rises nearly a third in one year
The actuarial funding deficit on Barclays' main defined benefit (DB) scheme has risen to £7.9bn in its September 2016 triennial valuation, following falls in gilt yields.
This equates to a 31.6% increase in the Barclays UK Retirement Fund (UKRF) deficit from the £6bn reported in the bank's 30 September 2015 funding update, and is more than double the £3.6bn deficit recorded...
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