PIC: DB schemes well funded but not immune to global macroeconomic impact

Mitul Magudia says a scenario of prolonged higher rates could radically impact schemes

clock • 1 min read
Mitul Magudia is co-chief origination officer at Pension Insurance Corporation
Image:

Mitul Magudia is co-chief origination officer at Pension Insurance Corporation

Ongoing conflicts have influenced the geopolitical landscape in 2023 and with no immediate signs of resolution, are likely to do so again in 2024, as governments and policymakers worldwide respond to persistent risks, against a backdrop of elections across the globe.

At the same time fiscal and monetary policy is constrained by excessive borrowing, higher interest rates, and high tax burdens. These are all issues that trustees of defined benefit (DB) pension...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

It's time for DC schemes to view nature as an asset class

It's time for DC schemes to view nature as an asset class

Louise Farrand says biodiversity is a financial factor with a huge under-recognised value

Louise Farrand
clock 14 November 2025 • 5 min read
Partner Insight: Blunt questions, bold results - Turning a pension deficit into surplus

Partner Insight: Blunt questions, bold results - Turning a pension deficit into surplus

A partnership with SEI helped the Joy Global pension scheme turn a stubborn deficit into a surplus and paved the way for a buy-out. The key, says Trustee Jim Parker, was frank communication.

SEI
clock 12 November 2025 • 5 min read
Dan Mikulskis: Making the UK a global innovator in retirement products

Dan Mikulskis: Making the UK a global innovator in retirement products

Charlotte Moore speaks to the People’s Partnership CIO about investing for income

Charlotte Moore
clock 11 November 2025 • 8 min read
Trustpilot