Table:
|  | 2019 | 2018 |
| --- | --- | --- |
|  | £m | £m |
| Fair value of scheme’s assets | 59.5 | 56.4 |
| Present value of funded scheme’s liabilities | (53.9) | (52.7) |
| Retirement benefit asset recognised in the Statement of Financial Position | 5.6 | 3.7 |
| Related deferred tax | (0.9) | (0.6) |
| Net pension asset | 4.7 | 3.1 |
Paragraphs:
£1.5m (2018: £1.4m) of scheme assets have a quoted market price in an active market.
The actual return on plan assets was a gain of £5.5m (2018: £1.0m loss).
The amounts recognised in the Company Statement of Financial Position are determined as follows:
Question:
What was the change in net pension asset from 2018 to 2019?
Answer: 4.7-3.1 = 1.6