Value of Tesco pension fund dives into deficit after £9bn drop

// Tesco’s pension fund plunges £9bn in value and falls into a deficit due to heavy exposure to Liability Driven Investments (LDIs)
// LDIs were designed to match the assets of a pension plan through government gilts to cover any future liabilitiesTesco’s pension fund has fallen into a deficit after plunging £9bn following several ‘safe’ investments which turned sour.
The fund, which looks after the 340,000 pensions, is the latest to be impacted by exposure to