Saga's deficit swells by 153% in six months

James Phillips
clock • 1 min read

The funding deficit of Saga's defined benefit (DB) scheme grew by £28.8m over the six months to 31 July on the back of bond yield falls.

Saga Pension Scheme, which is open to new members and future accrual, recorded a deficit of £47.6m on an IAS 19 accounting basis at the end of July, according to the firm's interim report. The p...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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