Barclays schemes report £1.1bn increase in deficit in six months

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Barclays has seen its pensions shortfall shoot up by more than a billion pounds over the last six months, despite paying in £700m to cut the deficit.

The bank's half yearly report, published today, reveal the deficit on an IAS19 basis grew from £200m to £1.3bn from December to June. The firm's main scheme, the UK Retirement Fund moved from a ...

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