HBOS set to eliminate deficit

Halifax Bank of Scotland (HBOS) pledged to wipe out the £1.8bn (€2.7bn) deficit on its final salary pension schemes today.

HBOS set to eliminate deficit
Tue, 06 Dec, 2005 - 08:05

Halifax Bank of Scotland (HBOS) pledged to wipe out the £1.8bn (€2.7bn) deficit on its final salary pension schemes today.

The announcement came as HBOS said it was on track to better market expectations for the year, following strong cost controls and “measured” growth in its UK banking divisions.

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