Barclays cuts scheme deficit by £2bn in 2006

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BARCLAYS slashed the deficit in its UK final salary scheme by more than £2bn in 2006, latest company figures reveal.

The banking group’s IAS 19 deficit in its main UK scheme at December 31, 2006 was £475m, according to its preliminary 2006 results. It stood at £2.5bn at December 31, 2005. Barclays said a “bette...

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