Barclays Group deficit across all its schemes has increased by 550% over 2012 rising by £1.1bn to stand at £1.3bn, its final results have shown.
The bank said this reflected net recognised assets of £2.1bn and unrecognised actuarial losses of £3.4bn. In 2011 the schemes' deficit stood at £0.2bn made up of net assets of £1.5bn and actuari...
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 for 12 months, 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
