The Financial Reporting Council (FRC) has today confirmed it will investigate the "preparation, approval and audit" of the financial statements of Tesco.
Tesco Group's net pension deficit after tax increased 30% over eight months to £3.4bn in August, according to the company's interim results.
Tesco corporate pensions manager Karen Wake has left the scheme after her contract ran out, a spokeswoman has confirmed.
The deficit in Tesco's defined benefit scheme grew from £1.8bn to £2.6bn over the year to the end of February.
Insurance companies in the FTSE100 have some of the best defined benefit (DB) scheme funding levels as a result of Solvency II, research from JLT Employee Benefits (JLTEB) shows.
NAPF chairman elect Ruston Smith and chief executive Joanne Segars talk to Naomi Rainey about the road ahead
Tesco has seen its defined benefit (DB) deficit rise after asset rises failed to halt liability increases with a fall in the discount rate.
The National Association of Pension Funds (NAPF) is preparing for the departure of two further senior figures, PP can reveal.
There is a strong link between companies being paternalistic and wanting to administer their pension schemes in-house, Tesco corporate pension manager Karen Wake says.
Tesco group pensions director Ruston Smith will succeed Mark Hyde Harrison as chairman of the National Association of Pension Funds (NAPF).
Tesco has seen its defined benefit deficit increase by more than £500m despite a bump in contributions after its triennial review, its final results show.
The Department for Work and Pensions' proposal to allow defined benefit schemes to self-certify may be unworkable, industry figures warn.
Pension funds can lend to businesses and fill the gap left by retreating banks, but will not be treated like "mugs", according to Tesco chief investment officer Steven Daniels.
Schemes should design auto-enrolment procedures with a longer term focus than the staging date, Tesco corporate pension manager Karen Wake says.
A group of 22 pension schemes has dropped a High Court case against Henderson Equity Partners for breach of mandate, after the fund manager agreed to pay legal costs.
A high court judge has ruled against the 22 pension funds attempting to sue Henderson Equity Partners for allegedly breaching the mandate for its Private Finance Initiative Secondary Fund II.
There have been claims from the consultancy world that NEST suffers from an image problem.
The Royal Bank of Scotland has completed its first month of auto-enrolment in the UK - with 50% of non-members choosing to stay enrolled in the scheme.
Tesco has founded an in-house investment team in a bid to reduce reliance on external providers and increase net returns.
The country's largest supermarket chains will become the first employers to auto-enrol their workforces this autumn.
Tesco's pensions deficit has risen 40% in the past year to £1.87bn driven by lower than expected bond yields and asset returns.
Every little helps. Or so goes the advertising slogan of Britain's largest supermarket, Tesco.
Tesco is consulting with staff on increasing the retirement age of its career average defined benefit (DB) scheme from 65 to 67.
Supermarket property assets outperformed commercial property averages last year with £1.15bn of investment transactions recorded for the 2011, according to IPD.