Centrica's pensions deficit balloons by £1bn over 2016

James Phillips
clock • 2 min read

Centrica's defined benefit (DB) pension deficit soared by 855% in 2016, its latest annual accounts have revealed.

The company, which operates three DB schemes in the UK, saw its total liabilities climb by 34% over the twelve months, moving from £6.8bn at the end of 2015 to £9.1bn on 31 December 2016 on the IAS...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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