Santander's pension surplus increases fourfold over first half of 2018

Stephanie Baxter
clock • 1 min read

The overall surplus of Santander's defined benefit (DB) pension scheme has risen by £595m to almost £800m since the end of 2017.

The bank's half-year results published today (13 August) showed the surplus on an accounting basis continued to rise over the first half of the year, largely as a result of a higher discount rate d...

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