Kingfisher improves scheme deficit by £140m

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The Kingfisher Group wiped £140m off its defined benefit schemes' combined deficit last year, due to asset returns and changes to discount rate and mortality assumptions.

The group's preliminary results for 2010/11 revealed a deficit of £58m in relation to its DB pensions, compared to a deficit of £198m in 2009/10. The international home improvement retail group ...

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