Tesco's pension deficit rises to £4.2bn as profits halve
The funding level of Tesco's defined benefit (DB) pension scheme has fallen yet again as it revealed its first-half profits have more than halved.
The troubled supermarket's pension deficit rose to £4.2bn on an accounting basis at the end of the first half of its financial year from £3.9bn at the end of February, according to its half-year report....
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Latest issue - 26 April
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Failure to legislate for default pension guidance 'leaves bitter taste'
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Govt 'should double' tax exemption on employer pension advice
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
European investor confidence climbs as risk appetite growth prevails
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.