Covid-19: Dealing with a contributions crisis
As the Covid-19 crisis sees employers seeking changes or suspensions to deficit contributions, Richard Knight looks at how schemes should respond to such requests.
In the current circumstances, many sponsoring employers will undoubtedly be experiencing acute financial difficulties, and both employers and trustees may be required to take urgent action. We are already...
More on Defined Benefit
No change in plans for Covid-19, say three-in-four DB schemes
The majority of defined benefit (DB) schemes have taken no material action to change their investment strategy or journey plan during the coronavirus pandemic, say Lane Clark & Peacock (LCP).
DB funding - July 2020: Gilts-plus deficit unchanged amid steady market
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2020 estimates on the various measures…
David Fairs: Four weeks left to influence the future of DB funding
As TPR’s consultation on the principles underlying the revised code of practice for DB funding enters the final straight, David Fairs set outs why you should give the watchdog your views.
NHS scheme pays deadline further extended to March 2021
NHS Pension Scheme members in England and Wales have been given a further six months to take advantage of the voluntary scheme pays process for the 2018/19 deadline.
Exclusive: Industry hesitant to second guess mortality rate changes
The industry does not expect future mortality improvements to change despite the 60,000 excess deaths from the Covid-19 pandemic, a Society of Pension Professionals (SPP) poll finds.
