Draghi cuts rates and beefs up QE
The euro shot up against all major currencies after the European Central Bank (ECB) cut deposit rates to -0.3% and extended its asset purchasing programme.
Speaking at a press conference following the central bank's policy meeting today, ECB president Mario Draghi (pictured) said it will cut the interest rate on overnight bank deposits from -0.2% to -0.3%,...
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Excess mortality rate drops to the lowest level since March
The number of excess deaths for week 21 of the year have been very similar to the number of Covid-19 related deaths for the first time since March, according to the Continuous Mortality Index (CMI).
Have your say: Should schemes divest from tobacco, coal and controversial weapons?
In this week’s Pensions Buzz, we want to know if more schemes should follow Universities Superannuation Scheme (USS) in divesting from companies with significant involvement with tobacco manufacturing, thermal coal mining, and the production of controversial...
Accounting bodies release Covid-19 pension reporting guidance
Three accounting bodies have published specific Covid-19 guidance for the compilation of pension scheme accounts, recognising that “it can’t be business as usual”.
Coronavirus Blog: Accounting bodies release pension reporting guidance; The future of LGPS admin
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
XPS tracker: Covid-19 deaths may have reached 50,000
A new tracker launched by XPS Pensions Group predicts Covid-19 related deaths for the UK are now at or close to 50,000.