From gold to government bonds, there are many instruments trustees can use to protect themselves if a recession hits, says Steven Berkovi
Historically, periods of recession have not been kind to pension scheme funding levels. The most recent recession in the UK saw the aggregate funding ratio fall by around 10% between March 2008 and June...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter