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PwC finds most scheme asset bases fell, but funding levels improved for most in the last year
The liability-driven investment (LDI) crisis has resulted in the vast majority (93%) of defined benefit (DB) schemes seeing their asset base reduce over the last year, research from PwC has found.
The research, which looked at data from schemes with assets of a total £170bn, in June to August this year, found falling bond and LDI prices meant more than half of schemes saw their asset values ...
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