Lane Clark & Peacock (LCP) has warned that whilst rising long-term rates are generally good news for scheme funding levels, trustees should carefully consider the impact on their scheme’s sponsoring employer.
The warning comes after the Bank of England's decision today (22 September) to raise interest rates to 2.25%. The increase has raised fears that employer covenant may be weakened, depending on t...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date