National Grid discloses £325m liquidity support for its UK DB schemes

Short-term loan follows large moves in UK government bond yields

Jonathan Stapleton
clock • 1 min read
National Grid discloses £325m liquidity support for its UK DB schemes

National Grid has disclosed it has provided short-term loans totalling £325m to its UK schemes as a result of the large shifts in government bond yields in September and October.

The utility half-year results revealed its IAS 19 pensions surplus fall by 14.3% over the six months to 30 September - meaning its net pensions and other post-retirement benefit obligations positio...

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