Banking group HBOS paid £800m into its defined benefit pension scheme last year to slash its deficit, preliminary results show.
The bank, formed by the merger of Halifax and the Bank of Scotland, reported a 19pc rise in annual pre-tax profit and the reduction of its DB scheme deficit to £0.9bn. The deficit stood at £1.8bn...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
