By Dawood Fakhir (April 13, 2022, 3:27 p.m. BST) — Defined-benefit pension plans should move quickly to take advantage of improved funding levels before market conditions worsen from the effects of the war in Ukraine, a pension and risk consultancy firm the company said on Wednesday.
Hymans Robertson LLP said companies should start playing it safe by considering risk-reducing investment strategies and increasing coverage to offset any potential loss from defined-benefit pension plans, which provide guaranteed benefits to retirement.
“DB funding levels are holding up well at the moment,” Alistair Russell-Smith, head of corporate defined benefits at Hymans Robertson, said in a statement.
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!