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...

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 Industry

News Digest: Capita's performance on CSPS 'remains unacceptable', minister says

News Digest: Capita's performance on CSPS 'remains unacceptable', minister says

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 September 2026 • 1 min read
Western Pension Solutions becomes part of Collective Pensions

Western Pension Solutions becomes part of Collective Pensions

Collective Pensions is a joint venture between Vestey Holdings and Timpson Group

Jonathan Stapleton
clock 11 September 2026 • 1 min read
Good News Corner: Icelandic edition of Rob Gardner's 'Save Your Acorns' launches

Good News Corner: Icelandic edition of Rob Gardner's 'Save Your Acorns' launches

Iceland continues to boost pensions literacy despite OECD-leading contribution rates

Jonathan Stapleton
clock 11 September 2026 • 2 min read
Trustpilot