STV Group DB deficit drops by nearly £10m in six months

Accounting deficit across firm’s two DB schemes reduced from £54.8m to £45.4m

Holly Roach
clock • 1 min read
STV Group DB deficit drops by nearly £10m in six months

The accounting deficit before tax of STV Group’s two defined benefit (DB) pension schemes decreased from £54.8m to £45.4m in the six months to 30 June 2024, according to its half-year results.

The firm's results – published today (3 September) – revealed the drop was largely driven by an increase in the discount rate following a rise in corporate bond yields and deficit recovery contribu...

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