DB schemes should use 2020 crisis as a 'learning opportunity' Bennett: Covid-19 should be seen as a learning opportunity for schemes Stephanie Baxter There are many lessons to be learned from the March 2020 market volatility and liquidity squeeze as the Covid-19 pandemic escalated, Barnett Waddingham says. While many defined benefit (DB) schemes ended the year with a flat or even slightly better funding position year after financial markets improved, the consultancy warned against complacency. Speaking at Barnett Waddingham's Investment Conference on 20 January, principal Jude Bennett said: ...