172
Movements in the present value of defined benefit obligations
| 2026 | 2025 |
|---|
| £000 | £000 |
|---|
| At 1 April | (532,756) | (599,641) |
|---|
| Current service cost | (13,694) | (16,876) |
|---|
| Transferred in liabilities | (-) | (3,578) |
|---|
| Interest cost | (29,280) | (28,132) |
|---|
| Remeasurements | | |
|---|
| Effect of changes in demographic assumptions | (7,612) | 8,320 |
|---|
| Effect of changes in financial assumptions | 35,481 | 76,549 |
|---|
| Effect of experience adjustments | (4,714) | 3,183 |
|---|
| Benefits paid | 29,835 | 27,779 |
|---|
| Contributions by members | (376) | (360) |
|---|
| Past service credit | 313 | - |
|---|
| At 31 March | (522,803) | (532,756) |
|---|
Movements in the present value of defined benefit scheme assets
| 2026 | 2025 |
|---|
| £000 | £000 |
|---|
| At 1 April | 524,506 | 556,134 |
|---|
| Expected return on plan assets | 29,190 | 26,363 |
|---|
| Remeasurements | | |
|---|
| Return on plan assets, excluding interest income | (3,592) | (47,203) |
|---|
| Contributions by employer (i) | 14,809 | 14,602 |
|---|
| Contributions by members (i) | 376 | 360 |
|---|
| Additional contributions in respect of transferred in liabilities | - | 3,187 |
|---|
| Benefits paid by the plan | (29,835) | (27,779) |
|---|
| Administrative expenses | (1,302) | (1,158) |
|---|
| At 31 March | 534,152 | 524,506 |
|---|