Five stories you may have missed this week
This week’s top stories included figures from Aon showing the actuarial valuations of at least a quarter of defined benefit schemes are likely to have been badly impact by Covid-19. Also, The Pensions Regulator issued further guidance for employers with pension obligations making use of the government’s Coronavirus Job Retention Scheme.
1) Hard-hit DB valuations a sour note on three-year contribution gains
The actuarial valuations of at least a quarter of UK defined benefit pension schemes are likely to have been "badly impacted" by coronavirus-related disruption to markets, says Aon.
2) TPR issues salary sacrifice guidance as Covid-19 listed as life event
The Pensions Regulator has issued further guidance for employers with pension obligations making use of the government's Coronavirus Job Retention Scheme.
3) Deaths 77% higher than in 2019, says CMI
The number of deaths registered in the UK in the week ending Friday 10 April (Week 15) was 77% higher than expected if using the same standardised mortality rates as 2019, says the Continuous Mortality Investigation.
4) Half of schemes set to reach buyout by 2040; Demand to average £37bn annually over decade
The coronavirus pandemic is unlikely to curb pension scheme enthusiasm for buy-ins and buyouts, says Hymans Robertson.
5) Kempen announces two UK fiduciary mandate wins
Kempen Capital Management has announced it has completed the transfer of two new fiduciary management mandates
More on Industry
PMI announces first professional trustee accreditation
The Pensions Management Institute (PMI) has announced that CBC Pension Services director Michael Clark has become the first fully-accredited professional trustee in the UK.
NFP buys Johnson Fleming to expand UK business
NFP – a US-headquartered, private equity-owned insurance broker and consultant – has bought Johnson Fleming in a bid to expand its international offering.
Deaths 77% higher than in 2019, says CMI
The number of deaths registered in the UK in the week ending Friday 10 April (week 15) was 77% higher than expected if using the same standardised mortality rates as 2019, says the Continuous Mortality Investigation (CMI).
Keep calm and avoid getting scammed, says government amid coronavirus chaos
Savers should not rush into making rash changes to their pensions, the government has warned as the Covid-19 crisis continues to hit financial markets.
Coronavirus Blog: Deaths 77% higher than in 2019, says CMI; Scam warning from government
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.
