Coronavirus-driven capacity crunch to leave DB members flailing

Hope William-Smith
Barnett Waddingham: Covid-19 is increasing pressure on financial advisers leaving DB scheme members at risk

Barnett Waddingham: Covid-19 is increasing pressure on financial advisers leaving DB scheme members at risk

Retirees looking to access additional income from their defined benefit (DB) scheme during the Covid-19 crisis will be victims of a “capacity crunch” as suitable financial advisers flee the market, according to Barnett Waddingham.

The professional services consultancy found the direct market impacts of coronavirus will add to the pressures of increased regulation and the rising costs of professional indemnity insurance that have...

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