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 ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
