John Lewis DB scheme deficit hits £1bn

clock

The John Lewis Partnership defined benefit (DB) scheme's total accounting deficit hit £1bn in January 2014, its latest results show.

The partnership said as of 25 January 2014, the accounting deficit had increased by £181.3m or 22.1% over the previous 12 months. Net of deferred tax, the deficit was £820.3m, after a slight decrea...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Just four firms manage 80% of £1.1trn pension scheme assets

Just four firms manage 80% of £1.1trn pension scheme assets

LCP finds over half of new professional trustee appointments went to four firms since April last year

Jasmine Urquhart
clock 17 September 2025 • 3 min read
ONS estimates of very old increase in number

ONS estimates of very old increase in number

Around 15,000 have reached 100 or over as of 2024, compared to half as many 20 years ago

Jasmine Urquhart
clock 03 September 2025 • 2 min read
Tender Watch: Emerson selects LifeSight as master trust provider

Tender Watch: Emerson selects LifeSight as master trust provider

LifeSight will cover all active, deferred and drawdown members of the pension scheme

Professional Pensions
clock 27 August 2025 • 1 min read
Trustpilot