16 September 2020
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2 min read
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For a BBB rated company there is still a 15% chance of a cut to benefits
Defined benefit (DB) scheme members with weaker employers face a 50% chance of a cut in benefits due to sponsor insolvency, according to Hymans Robertson.
The consultant warned covenant risk "is far higher than many DB schemes realise", noting members with B rated sponsors face the risk of a cut in benefits due to their sponsoring employer going insolvent...
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