Debenhams has cut its defined benefit deficit by more than a half in the last six months as it shifts its investment focus, its half year results show.
Its latest results show the deficit position reduced to £26.8m despite a continued fall in the discount rate, which fell another 10 basis points from September. The department store reported a d...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
