Sainsbury's pension deficit rises £674m in six months

Stephanie Baxter
clock • 1 min read

Sainsbury's has seen the shortfall of its defined benefit (DB) scheme increase to £1.1bn by 24 September following a "significant" fall in discount rates.

Announced in the supermarket giant's results on 9 November, it revealed the deficit on an IAS 19 accounting basis had risen by £674m after tax since the year-end of 12 March 2016. The group said...

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