A-Day helps Tesco slash pension deficit by £250m

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A-DAY helped Tesco cut the IAS19 deficit in its defined benefit pension scheme to £950m during the last financial year, latest company results show.

The deficit in the £3bn Tesco Pension Scheme stood at £1.2bn at February 25, 2006 and fell to £950m by February 24, 2007. The pension fund gained £250m after the additional flexibility offered t...

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