Co-op schemes surplus falls by more than £600m

Decline in surplus offset by increase to company’s cash position

Martin Richmond
clock • 2 min read
Co-op schemes surplus falls by more than £600m

The combined surplus of the Co-operative Group’s defined benefit (DB) pension schemes decreased by around £680m to £1.58bn in 2022, according to its full-year results.

The company's results published today (5 April) on the London Stock Exchange, revealed the surplus of its schemes dropped in 2022 to £1.58bn compared to a £2.26bn surplus in 2021. The results al...

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