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
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