The actuarial valuations of at least a quarter of UK defined benefit (DB) pension schemes are likely to have been “badly impacted” by coronavirus-related disruption to markets, says Aon.

Using the flexibility offered by pension freedoms to access pensions early without considering long-term consequences will leave savers struggling to make ends meet, the Association of British Insurers (ABI) has warned.

This week’s top stories included the Smurfit Kappa UK Pension Fund’s completion of a £1.2bn fiduciary and liability-driven investment deal with River and Mercantile, and figures showing pension transfer activity has dropped to its lowest level since 2014....

Pension transfer activity has dropped to the lowest level since the introduction of the pension freedoms, research by Lane Clark & Peacock (LCP) reveals.

Lane Clark & Peacock (LCP) has said it is focussing on riding out short-term uncertainty and has promoted 14 partners in a bid to contribute to the sustainable growth of the business.

This week’s top stories included the Financial Conduct Authority saying there is a “significant risk of harm” in the long-term savings market caused by pension freedoms, and Standard Life and Zurich publishing their latest independent governance committee...

Pension schemes should take note of how the companies in which they invest respond to the ongoing threat of coronavirus and be prepared to speak up if the actions taken do not align with their long-term investment prospects, the Pensions and Lifetime...

Pension schemes should “stick to their convictions” and long-term policies in the face of market falls caused by Covid-19, Aon says.

The Money and Pensions Service (Maps) has published its first full report on progress on the pensions dashboard so far and has flagged “significant” delivery challenges in the face of the coronavirus pandemic.

The shadow economic secretary Jonathan Reynolds has been named as shadow secretary for work and pensions under new Labour leader, Keir Starmer.