Solvency warning for DB plans
US - The new-found surplus of defined benefit (DB) plans in the US may be built on rocky foundations, according to Societe Generale Asset Management (SGAM).
Over 2005 and 2006, the firm said the deficit of DB plans was US$36bn. But following strong financial markets SGAM estimated the pension surplus now stands at $130bn. Despite this improvement, SGAM warned...
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