Kingfisher surplus increases as scheme closes to future accrual

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Kingfisher has increased its defined benefit surplus after closing its scheme to future accrual during the 2012/13 financial year, its preliminary results show.

The retailer's final salary scheme surplus was boosted to £71m after starting the year at £25m. The June closure to future accrual provided an exceptional curtailment gain of £27m. Along with th...

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