Canadian pension plans saw their funding positions improve on both a solvency and accounting basis in January 2021, compared to December 2020, found Morneau Shepell’s latest monthly pension report.

Read: Pension plans’ 2020 financial results impacted by the coronavirus pandemic

Generally, the plans’ assets remained stable. But the values of plan liabilities and fixed-income assets fell even as bond yields, especially for long-term and real return bonds, rose. The increases in bond yields prompted the values placed on plan liabilities and the values of fixed income asset holdings to fall. While, the strong performance of equities in February, helped offset the negative returns on fixed-income assets, said a press release on the report.