Average DB scheme able to meet 93% of benefits, says LGIM
A typical defined benefit (DB) scheme was able to meet 92.9% of its accrued pension rights as of 30 September, according to Legal & General Investment Management (LGIM).
The figure is 130 basis points (bps) higher than at the end of June, the asset manager said in its inaugural DB health tracker, which it has launched in a bid to improve scheme decision-making around cashflow-matching...
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Average DB scheme able to meet 94% of benefits
A typical defined benefit (DB) scheme was able to meet 93.7% of its accrued pension rights as of 30 September this year, according to Legal & General Investment Management (LGIM).
