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

Deferred DC membership grows to 23 million

Deferred DC membership grows to 23 million

Figures show membership of deferred private sector DC schemes grew by over two million in a year

Holly Roach
clock 02 April 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Run-on becomes ‘dominant’ endgame option, Howden acquires Hymans IFS team, M&G illiquid asset transfer

Professional Pensions
clock 02 April 2026 • 1 min read
SPP expands membership to around 90 organisations

SPP expands membership to around 90 organisations

Society says it has close to 90 members employing over 20,000 industry professionals

Martin Richmond
clock 02 April 2026 • 1 min read
Trustpilot