Tesco's pension deficit drops 38% to £2.6bn

Stephanie Baxter
clock • 2 min read

The deficit of Tesco's defined benefit (DB) scheme has fallen by £1.6bn after reaching £4.2bn last year as the supermarket moves into the black.

Its end-of-year results published on 13 April revealed the group's pension deficit after tax was £2.6bn at the end of February, which was mostly driven by the closure of the DB section. It was a...

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