Tesco

Every little helps. Or so goes the advertising slogan of Britain's largest supermarket, Tesco.

Tesco is consulting with staff on increasing the retirement age of its career average defined benefit (DB) scheme from 65 to 67.

Supermarket property assets outperformed commercial property averages last year with £1.15bn of investment transactions recorded for the 2011, according to IPD.

Shareholders like pension funds are operating in a "fuzzy" area between politics and the markets as major companies increase their lobbying efforts.

The National Association of Pension Funds has appointed Ruston Smith, group pensions and insurable risk director at Tesco, as chairman of its Retirement Policy Council.

PRUPIM has acquired a £67m Tesco superstore in Cardiff for the M&G Secured Property Income Fund.

Tesco has slashed its scheme liabilities by £270m by switching from the Retail Prices Index to the Consumer Prices Index for calculating inflation linked benefits.