Co-op schemes surplus falls by more than £600m

Decline in surplus offset by increase to company’s cash position

Martin Richmond
clock • 2 min read
Co-op schemes surplus falls by more than £600m

The combined surplus of the Co-operative Group’s defined benefit (DB) pension schemes decreased by around £680m to £1.58bn in 2022, according to its full-year results.

The company's results published today (5 April) on the London Stock Exchange, revealed the surplus of its schemes dropped in 2022 to £1.58bn compared to a £2.26bn surplus in 2021. The results al...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 11 February 2025 • 1 min read
Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

LCP Pensions Explorer measured £5bn increase in FTSE 100 surplus since last month

Jasmine Urquhart
clock 07 February 2025 • 1 min read
Tender Watch: Charities Pensions Club appoints First Actuarial

Tender Watch: Charities Pensions Club appoints First Actuarial

First Actuarial to become organisation’s actuarial partner

Professional Pensions
clock 07 February 2025 • 1 min read
Trustpilot