Barclays schemes report £1.1bn increase in deficit in six months

clock

Barclays has seen its pensions shortfall shoot up by more than a billion pounds over the last six months, despite paying in £700m to cut the deficit.

The bank's half yearly report, published today, reveal the deficit on an IAS19 basis grew from £200m to £1.3bn from December to June. The firm's main scheme, the UK Retirement Fund moved from a ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB scheme funding remains steady in April amid market volatility, Broadstone finds

DB scheme funding remains steady in April amid market volatility, Broadstone finds

Consultancy says funding levels remain ‘robust’ in face of ‘rapidly developing’ economic backdrop

Martin Richmond
clock 08 May 2025 • 1 min read
Partner Insight: Real world experience of a pensions captive

Partner Insight: Real world experience of a pensions captive

Aon
clock 07 May 2025 • 1 min read
Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Aon
clock 06 May 2025 • 1 min read
Trustpilot