Government bond yields rose sharply this morning as investors came under increasing pressure to liquidate liquid assets to meet redemptions.
The Pensions Management Institute (PMI) has postponed all of its exams, while the Financial Conduct Authority (FCA) has moved to delay its consultation responses amid the market disruptions caused by the Covid-19 outbreak.
‘We will get through this’
The Laura Ashley Retirement Benefits Scheme is expected to enter Pension Protection Fund (PPF) assessment after the textile designer filed for administration today.
A rise in the use of virtual trustee meetings could prove challenging for those involved but there are ways to improve their effectiveness, Aon says.
Professional Pensions has assembled the latest advice and guidance on responding to the coronavirus pandemic from The Pensions Regulator, consultants and legal advisers. Read the updates here…
The coronavirus outbreak will significantly impact risk assets over the coming "years, rather than months", according to economist and author Anatole Kaletsky, who warned that central bank reactions to the illness could artificially inflate asset prices...
Business resilience is not just ensuring people can work from home, but that administration can continue without human help, says Kim Gubler.
First budget of this parliament
The Bank of England (BoE) has implemented an emergency cut in interest rates by 50 basis points in an attempt to stave off the “economic shock” of the coronavirus.
History teaches that epidemics tend to have short-term effects on economies and markets, but great uncertainty remains about the coronavirus.
The impact of coronavirus has added £100bn to defined benefit (DB) schemes in just one week, according to Hymans Robertson.
The S&P 500 closed in negative territory again yesterday, down 4.4%, the largest drop since August 2011.
As the number of Coronavirus cases continues to grow, Calum Cooper looks at the potential impact on DB scheme liabilities and sponsor covenants.