Kingfisher has seen the funding level of its defined benefit (DB) scheme drop from a £71m surplus to a £29m deficit.
The retailer, which owns B&Q, said the swing was driven by actuarial losses of £131m following the inclusion of updated member data from the 2013 triennial funding valuation. This was partially ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
