Greggs' pension deficit skyrockets 484% over 2016

James Phillips
clock • 1 min read

High street bakery chain Greggs saw a £19m increase in its defined benefit (DB) scheme deficit during 2016 on the back of falling corporate bond yields.

As of 31 December, the final salary scheme recorded a total deficit of £22.9m on the IAS 19 accounting measure, compared to just £3.9m on 2 January 2016. The DB fund closed to future accrual in ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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