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
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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...

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