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

DB scheme funding levels fall in October after 'unexpected' drop in gilt yields

DB scheme funding levels fall in October after 'unexpected' drop in gilt yields

Consultancy’s Sirius Index shows funding levels declined due to falling gilt yields

Martin Richmond
clock 06 November 2026 • 2 min read
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
Trustpilot