Longevity swap premium helps push ITV deficit to £390m

clock

ITV has seen it pensions deficit grow to £390m as falling corporate bond yields and a £65m premium on a longevity swap carried out last year pushed up the shortfall.

The broadcaster's annual financial report, published today, revealed the deficit grew from £313 on an IAS19 basis in the 12 months to December. It said the value of scheme assets increased, driv...

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

Aggregate DB surplus increases to £273.7bn in February

Aggregate DB surplus increases to £273.7bn in February

PPF 7800 index finds funding ratio decreased slightly to 130.8%

Jasmine Urquhart
clock 10 March 2026 • 2 min read
New: DB endgame research reveals the challenges trustees face today

New: DB endgame research reveals the challenges trustees face today

Professional Pensions
clock 10 March 2026 • 1 min read
Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Consultancy’s Sirius Index shows fully-hedged scheme funding level rose by 1.1 percentage points last month

Martin Richmond
clock 09 March 2026 • 1 min read
Trustpilot