Coronavirus
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Federal Reserve: No interest rate hikes until end of 2023
The US Federal Reserve sent out "strong, powerful guidance" on Wednesday (16 September), as it predicted interest rates would stay near zero until at least the end of 2023.
Market Movers Blog: BoE maintains interest rates and QE amid 'unusually uncertain' outlook
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
CMI: Volatile spikes clear yet deaths remain close to 2019 levels
Despite a surge of small spikes in the number of deaths in the last month on a week-by-week basis, overall levels remain close to those recorded last year, says the Continuous Mortality Investigation (CMI).
Overloaded bulk annuity market to kickstart superfunds
A burgeoning superfund market could be on the cards within three years as defined benefit (DB) scheme trustees and sponsors face myriad legislative, economic, and capacity issues, says Lane Clark & Peacock (LCP).
Credit downgrades pose 'serious challenge' for UK schemes
A falling average quality of fixed income indices combined with intensifying competition for high-quality assets could make it more challenging and costly for pension funds using benchmarks.
Planning in a pandemic: The effect of Covid-19 on pension schemes
Schemes need to be prepared for the potential longer-term health impacts on those who contract Covid-19, says Steve Leake.
Cohesive and specialist response needed on scams
Law enforcement, financial regulators and the private sector need to do much more and work together to protect savers from fraudsters, says Phil Brown.
Is there a future for the amateur trustee?
Stuart Southall looks at whether Covid-19 has hastened or reinforced the role of member-nominated and other lay trustees.
Bailey warns UK economy could be hit harder than first expected
Bank of England governor Andrew Bailey has warned the UK economy could suffer worse "scarring" from the coronavirus crisis than originally predicted in August.
In a post-Covid world, pension funds need to cast a wider net
Blair Reid looks at how multi-asset credit can help pension funds through the economic crisis provoked by the pandemic.
Why schemes need a managed approach to currency hedging
Gareth Gettinby looks at how static and managed currency hedges compare in crisis scenarios.
The Covid-19 fallout for DB schemes, and how to deal with it
Three investment professionals tell Professional Pensions how the pandemic has impacted scheme portfolios, what opportunities may arise post-pandemic, and the key lessons for trustees
LCP posts record income as DC revenues grow 18%
Lane Clark & Peacock (LCP) reported record income of £126.5m for the financial year ending 31 March 2020, up 10.1% on last year’s figure of £114.9m, also a record at the time.
Managing retirement solutions: How to find opportunities behind closed doors
Focusing on the key building blocks of retirement strategies will help improve saver outcomes amid the Covid-19 crisis, says Dominic Byrne.
Capita defers £31.7m of DRCs as revenue drops 9%
Capita has deferred a £31.7m deficit recovery contribution (DRC) due to the Capita Pension and Life Assurance Scheme in June 2020 to the second half of the year.
Resilience in credit: All calm for now, but big tests are ahead
The resilience of credit investors will be tested as the world recovers from Covid-19, says Colin Purdie.
Portfolio oversight has been key through the twists and turns of 2020
Knowledge of the impacts of daily moves has helped trustees stay sure-footed through the challenges of the year to date, says David Curtis.
Coats Group defers DRCs for remainder of 2020
Coats Group has agreed with its UK pension trustees to defer the payment of its remaining deficit recovery contributions (DRCs) for 2020.
Coronavirus Blog: Coats Group defers DRCs; WPC freedoms inquiry unlikely to be dominated by Covid-19 impacts
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.
Covid-19 pushes endgame back by 18 months
Defined benefit (DB) schemes will have to wait an extra year and a half on average to agree a buyout compared to their pre-Covid-19 endgame journey plans, Barnett Waddingham estimates.
Aviva profits dented by Covid-19 but bulk annuities offset fall
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
David Fairs: Four weeks left to influence the future of DB funding
As TPR’s consultation on the principles underlying the revised code of practice for DB funding enters the final straight, David Fairs set outs why you should give the watchdog your views.
How to build cashflow strategies amid Covid-19
As more schemes look at building a CDI strategy amid the economic crisis, Sebastien Proffit looks at what to consider.
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