DB schemes make gains in Q3 but covenant concerns remain
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 end...
More on Defined Benefit
DB funding - November 2020: Run-off schemes could 'wipe out' deficits by dropping gilts approach
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2020 estimates on the various measures…
Aon flags pension scheme woes ahead of corporate insolvency protection lift
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
Lady Green brings forward £50m DRC as The Pension Superfund eyes Arcadia schemes
Lady Tina Green has agreed to pay a £50m deficit recovery contribution (DRC) to Arcadia’s pension schemes earlier than scheduled.
Purple Book reveals scheme funding has worsened, but PPF remains confident of success
Scheme funding in the defined benefit (DB) universe has worsened, but the Pension Protection Fund (PPF) remains confident it can tackle the challenges ahead, it says as it launches its 2020 Purple Book.
Debenhams schemes remain in PPF assessment after rescue attempt fails
Debenhams’ pension schemes are continuing in Pension Protection Fund (PPF) assessment after administrators failed to rescue the company from collapse.
