UK - High street retail giant Kingfisher Group - former owners of Woolworths and Superdrug - has revealed a net FRS17 pension fund deficit of £112m.
Kingfisher dismissed fears about the £112m shortfall, stating that it was unconcerned by the shortfall and pointed out that at the start of its financial year an FRS17 valuation would have shown a ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date