Sainsbury's has seen the shortfall of its defined benefit (DB) scheme increase to £1.1bn by 24 September following a "significant" fall in discount rates.
Announced in the supermarket giant's results on 9 November, it revealed the deficit on an IAS 19 accounting basis had risen by £674m after tax since the year-end of 12 March 2016. The group said...
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
