UK - Tesco has granted the trustees of its UK pension fund contingent property assets worth £500m, after reporting the scheme's deficit has nearly doubled.
According to the IAS19 valuation of pension fund liabilities, Tesco's UK defined benefit scheme had a deficit on a post-tax basis of £1.1bn, while last year it was £0.6bn. The supermarket chain ...
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