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...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
