Tesco deficit hits £2.6bn

clock

The deficit in Tesco's defined benefit scheme grew from £1.8bn to £2.6bn over the year to the end of February.

The supermarket chain's final results for the period, published today, attributed the increased shortfall to a fall in real corporate bond yields. This increased the discount rate used to value ...

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

Tender Watch: Barnett Waddingham acquires risk advisory firm

Tender Watch: Barnett Waddingham acquires risk advisory firm

Barnett Waddingham acquires Risk Evolves with team of seven to join firm

Professional Pensions
clock 08 July 2025 • 1 min read
Pensions UK calls for PPF administration levy reform

Pensions UK calls for PPF administration levy reform

Trade body said DWP move to charge DB schemes in form of levy without prior warning ‘raises concerns’

Holly Roach
clock 03 July 2025 • 1 min read
DB transfer advice redress payments remain stable

DB transfer advice redress payments remain stable

First Actuarial says Q2 2025 redress remained at 5% of transfer value despite volatility

Jasmine Urquhart
clock 02 July 2025 • 1 min read
Trustpilot