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By IPE Staff2021-05-12T12:57:00+01:00 Defined benefit (DB) pension schemes in the UK have seen a healthy improvement from the sharp decline experienced at the start of the pandemic and are now far stronger than during pre-COVID times, according to Legal & General Investment Management (LGIM). LGIM’s Health Tracker, a monitor of the current health of UK DB pension schemes, found that the average DB scheme can expect to pay 98.2% of accrued pension benefits as of 31 March 2021, up 6.8% from 31 March 2020. The tracker has also shown a 1.1% improvement quarter-on-quarter against the funding level of 97.1% at 31 December 2020. This latest improvement means LGIM’s measure has shown a continuing improvement in each of the last four quarters.

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