Sainsbury's sees £635m drop in actuarial valuation deficit

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Sainsbury's defined benefit (DB) scheme actuarial deficit has fallen by £635m over the three years between March 2009 and 2012, its interim results show.

The supermarket operator, which closed its DB scheme to future accrual this year, said the fall was mainly due to a £750m property partnership deal from 2010 (PP Online, 13 May 2010). However, d...

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