The Nationwide Building Society has revealed a net £508m IAS19 pension deficit, a £177m increase over the year.
In its final results, published today, Nationwide said the widening of net liabilities reflected a fall in the discount rate and an increase in the assumption for long term inflation. This was part...
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
