The deficit of Tesco's defined benefit (DB) scheme has more than doubled to £5.9bn in just seven months, overshadowing the supermarket's sales growth.
In its interim results published on 5 October, Tesco's deficit on an IAS 19 basis grew by £3.2bn from February to August this year, an increase of 123%. The supermarket chain said while its asse...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders