16 - Pension fund deficit
At 30 June 2008, the Group’s overall pension fund deficit less surpluses had increased by £337 million to £515 million (gross of tax). This was mainly due to a £998 million loss on assets offset by the payment of £320 million into the scheme (which completes our commitment to provide funding of £700 million) and £230 million of net gains from changes in the assumptions and better demographic experience than expected.
