Tesco agrees DB funding plan as deficit rises to £4bn
Tesco has agreed to pay £270m in cash each year to plug the £3.9bn deficit of its defined benefit (DB) pension scheme.
The supermarket giant announced the funding plan today as it revealed the scheme's deficit on an accounting basis increased 50% from £2.6bn last year to £3.9bn at the year-end. Tesco said this was driven...
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Longevity assumptions retain stability despite Covid
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
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Long-term Covid uncertainty makes longevity hedging more valuable
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