The funded status of a typical defined benefit pension plan improved on both a solvency and accounting basis in April, according to a report by Telus Health.

The solvency index increased to 103.4 per cent at the end of April from 98.8 per cent at the end of March, while the accounting index rose to 103.5 per cent from 100.9 per cent during the same period.

Read: Solvency ratio of typical DB pension plan declines for second consecutive month: report

The representative pension plan portfolio returned 3.4 per cent in April, driven by strong performances across equity markets. Global developed and emerging equity markets returned 7.5 per cent, while........

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