Sainsbury's pension deficit more than doubles over 12 months

James Phillips
clock • 1 min read

The combined deficit of Sainsbury's defined benefit (DB) schemes has climbed 119% in twelve months, according to its preliminary annual results.

The company, which operates two funded schemes, had a pension deficit of £850m under the IAS 19 accounting measure as of 11 March 2017, compared to £389m on 12 March 2016. This included £124m of de...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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