Majority of sponsors have 'no need' to suspend contributions

Hope William-Smith
clock • 1 min read

The Society of Pension Professionals (SPP) estimates only 5-10% of scheme sponsors will suspend or reduce contributions during the coronavirus pandemic while majority have no need to alter their payment schedules.

The SPP conducted a poll of its members, finding more than half (55%) expected that no defined benefit (DB) schemes would suspend or reduce contributions. This comes as the UK prepares to enter ...

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