The Home Retail Group Pension Scheme has seen its accounting deficit jump from £7.5m to £115.3m over the last 12 months.
The firm, which operates the Argos and Homebase stores, revealed in its full year results that the deficit had been inflated by a reduction in the discount rate and the effect of a pensioner buy-in...
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
