Tesco is set to increase payments to its pension scheme by an extra £4m a year to plug a deficit of £275m.
A review by the scheme trustees said the deficit is largely due to the expectation of increased longevity. Scheme members will also have to pay an increased rate of contribution as a result. The ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date