Deutsche Bank could be forced to spend millions of pounds to plug deficits in its UK pension schemes before it sells its UK asset management arm.

The latest figures at Companies House for the bank's two UK pension funds, the senior and staff schemes, show them running a combined deficit of £23.2m (€34m). The figures date from January 2003 and pension fund valuations are generally done every three years. Scheme members include hundreds of present and former employees of Deutsche Asset Management in London, which is being touted for sale by its German parent.