No change in plans for Covid-19, say three-in-four DB schemes

LCP research

clock • 2 min read

The majority of defined benefit (DB) schemes have taken no material action to change their investment strategy or journey plan during the coronavirus pandemic, say Lane Clark & Peacock (LCP).

Three quarters (75%) of schemes surveyed by the consultancy confirmed they had not made any changes in research released on Thursday (6 August). However, LCP warned inertia may be damaging for many and said more schemes should have a framework in place. While around 40% of survey respondents said both their funding position and covenant were holding up despite the economic impact of the pandemic, 60% had seen a deterioration in one or both of these areas. Some 40% of schemes expected to have some contingent funding in assets, cash or credits in place by the time of their next valua...

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