Reach reports fall in deficit but posts charge for Barber window equalisation

Procedural issue spotted as part of buyout due diligence for West Ferry Printers scheme

Jonathan Stapleton
clock • 2 min read
Reach is headquartered in London's Canary Wharf
Image:

Reach is headquartered in London's Canary Wharf

Reach has said its net IAS 19 pension deficit has fallen from £77.1m at the end of 2023 to £34m at the end of last year, a £43.1m fall largely driven by contributions to its schemes.

The newspaper group sponsors six defined benefit (DB) schemes - including the MGN Pension Scheme, the Trinity Retirement Benefit Scheme, the Midland Independent Newspapers Pension Scheme, the Expre...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Scam warning flags reach record highs, XPS finds

Scam warning flags reach record highs, XPS finds

Firm’s Scam Flag Index shows 99% of cases in September received at least one warning flag

Martin Richmond
clock 29 October 2026 • 3 min read
'Rock solid' governance 'critical' as DB endgame choices grow

'Rock solid' governance 'critical' as DB endgame choices grow

Panel says it is ‘essential’ for schemes to have a ‘transparent’ relationship with their sponsor

Martin Richmond
clock 14 October 2026 • 3 min read
Aggregate DB surplus rises to £280.7bn in September

Aggregate DB surplus rises to £280.7bn in September

PPF says funding positions strengthened as liabilities fell faster than assets during the month

Jonathan Stapleton
clock 13 October 2026 • 1 min read
Trustpilot