John Lewis DB scheme deficit hits £1bn

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The John Lewis Partnership defined benefit (DB) scheme's total accounting deficit hit £1bn in January 2014, its latest results show.

The partnership said as of 25 January 2014, the accounting deficit had increased by £181.3m or 22.1% over the previous 12 months. Net of deferred tax, the deficit was £820.3m, after a slight decrea...

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