M&S reports £25.6m pension surplus reduction due to rising gilt yields

Results state there is ‘no material worsening’ of scheme’s overall funding position

Holly Roach
clock • 1 min read
M&S reports £25.6m pension surplus reduction due to rising gilt yields

Marks & Spencer (M&S) has reported a £25.6m reduction in the surplus of its defined benefit (DB) pension scheme.

The retailer's half-year results revealed as at 28 September, the IAS 19 net retirement benefit surplus was £51.6m, down from £77.2m six months prior – a drop it said was largely driven by an incre...

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Holly Roach
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Holly Roach

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