Pensions

Pensions

UK pension deficits claw back 2 per cent in second quarter despite Covid-19 covenant risks, says Legal & General Investment Management

UK pension deficits claw back 2 per cent in second quarter despite Covid-19 covenant risks, says Legal & General Investment Management

The overall health of the UK’s Defined Benefit (DB) pension schemes moderately improved during the second quarter of 2020 following the impact of the pandemic in the first quarter, but first quarter-aside, it still remains at a two-year low, according to Legal & General Investment Management (LGIM).