Thursday, January 2, 2025

Wilko pension fund deficit to be investigated

The Pensions Regulator is set to investigate wilko’s shareholders over dividends paid to themselves prior to the firm entering administration.

It comes as a £56m deficit in the wilko pension fund has been uncovered, according to reports from The Sunday Times.

The retailer’s administrators, PwC, think this deficit could be higher on a buy-out basis (£76m).

If wilko’s owners put the fund at risk, they could be made to pay any shortfalls.

Wilko’s pension scheme will be assessed by the Pension Protection Fund.

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