The financial impact on defined benefit (DB) schemes from the Covid-19 pandemic is “likely to be marginal”, and only in the event of continued substantial additional deaths for many years would there be a significant reduction in UK DB scheme liabilities, according to Lane Clark & Peacock (LCP).
The consultant's longevity report revealed only an "everlasting hangover" from the pandemic will lead to big reductions in typical UK pension scheme liabilities. While the firm said the financia...
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