Five stories you may have missed this week
This week’s top stories included the Pension Protection Fund naming 11 firms to its trustee and support services panel, and the latest analysis of mortality rates from Covid-19 and its impact on pension scheme assumptions.
1) PPF names 11 firms to trustee and support services panel
The Pension Protection Fund has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
2) Covid-19 impact on survivor mortality rates to be ‘modest', study finds
Pension schemes and life insurers should be prepared for a modest change to their assumptions for mortality rates in the post-Covid-19 world, an academic study suggests.
3) Steve Webb claims HMRC will ‘over-tax' pension freedom users during crisis
Lane Clark & Peacock has called our HM Revenue and Customs' tax policy on flexible drawdown as "unacceptable", claiming it could lead to draconian tax penalties during Covid-19.
4) Negative interest rate debate becomes ‘very real' as UK inflation plunges to 0.8%
The debate concerning negative interests in the UK has now become "very real" after the Consumer Prices Index 12-month inflation rate dipped to 0.8% in April from 1.5% in March.
5) Struggling DB schemes avoid putting extra cash pressure on sponsors
Defined benefit schemes are looking for alternatives to seeking additional cash contributions to sponsors to manage payouts in the wake of the Covid-19 market disruption.
More on Industry
Exclusive: APPT announces its first 14 accredited trustees
The Association of Professional Pension Trustees (APPT) has announced the first 14 trustees to have received accreditation after completing its programme.
Two-thirds fail to identify most common scams
Pension savers are failing to spot the most prevalent signs of scams, including early access and free advice, PensionBee research finds.
NN Life completes €13.5bn longevity deal
NN Life has completed a €13.5bn (£12.1bn) longevity transaction covering a portfolio of annuity policies for over 200,000 pensioners and dependents.
Engaging members on financial wellbeing
Charlotte Moore looks at industry efforts to why improving members' financial wellbeing and retirement planning is crucial in a crisis situation.
Coronavirus Blog: Gilt sold at negative rate for first time as CPI plummets
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.
