John Lewis's pension deficit rises 54.4%

Stephanie Baxter
clock • 2 min read

John Lewis Partnership's defined benefit (DB) deficit has increased to £1.5bn as the company reveals a 15% profit fall for the second half of the year.

By 30 July the pension deficit on an accounting basis was 54.4% or £512.1m higher than in January, according to its unaudited interim financial statement published on 15 September.  The increase...

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