DB schemes make gains in Q3 but covenant concerns remain

Stephanie Baxter
clock • 2 min read

Defined benefit (DB) pension schemes almost recovered to pre-coronavirus levels in the third quarter after strong performance of growth assets and a rise in nominal interest rates.

Legal & General Investment Management's (LGIM) analysis found the average DB fund can expect to pay 95.5% of accrued pension benefits as of the end of September, up 2% from the end of June. At the ...

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