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.
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