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Pension Fund Risk Manager of the Year - J Sainsbury

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J Sainsbury has been in the wars over the past few years: overtaken by arch-rival Tesco as the UK's favourite supermarket, its share price halved in just 11 months to March 2003; and to top it all, the rating agencies threatened to downgrade the company, partly because its corporate pension pot was £375 million in the red.

Yet, in the midst of this, the retailer has managed to bring its ailing

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