Marks & Spencer's pension scheme has moved into surplus after boosting its funding position by more than £500m over the last year.
The retailer's full-year results 2010/11, released today, show the scheme to have an IAS19 surplus of £168.5m up from a deficit of £366.5m on 3 April, last year. The firm said the market value o...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
