Lockdowns lead to tripling in weak DB sponsor support

PwC index finds winter lockdown undid improvements from summer reopening

James Phillips
clock • 2 min read
Lockdowns lead to tripling in weak DB sponsor support

The combined impact of the UK’s three national lockdowns has led to a tripling in the number of FTSE 350 firms with a weaker ability to support their defined benefit (DB) schemes, says PwC.

The financial services firm's Pension Support Index (PSI) found that 17% of these sponsors had a score of 60 or below, which suggests a lower level of support to any DB schemes. The index gives a score...

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