Coronavirus
PP Live: Covid-19 crisis has not changed TPR's view that funding principles are 'right'
The economic crisis caused by Covid-19 has reinforced The Pensions Regulator’s (TPR) view that its defined benefit (DB) funding principles are “right”, says David Fairs.
DB investment governance post-Covid: What to delegate?
Ray Martin looks at what options trustees will have to add value to investment management and strategic implementation decisions in a post-Covid world
PPF gives 90-day levy extension to struggling employers
The Pension Protection Fund (PPF) has announced a 90-day interest-free extension to levy payments for employers struggling due to the Covid-19 economic crisis.
Prudential Retirement completes $1.7bn of longevity reinsurance
Prudential Retirement reinsured $1.7bn (£1.4bn) of UK pension scheme longevity risk in the first half of the year, it has revealed.
Communicating with members in a crisis
Millions of people are saving for a pension for the first time thanks to AE, but the Covid-19 crisis has posed a communications challenge. James Phillips looks at how to get the long-term nature of pensions across to this new generation of savers.
Summer statement: State to pay more pension contributions under Kickstart Scheme
Government plans to create jobs for 16-to-24-year-olds will see the state paying employer pension contributions, it is expected.
Covid-19: The catalyst for commercial property structural change?
John Plenderleith looks at how Covid-19-induced changes in consumer spending will impact commercial property investments
Unbundled DC schemes 'a ticking time bomb' after Covid-19
A lack of steadfast regulation around unbundled defined contribution (DC) schemes makes them a ticking time bomb for firms and members, says Salvus Master Trust.
Aegon broadens Member Insights access to help schemes focus on their health
Trustees, corporates and consultants have been urged not to “forget the health of their scheme” during Covid-19 and to keep an eye on key member trends.
UBS completes £1.4bn longevity swap with Zurich and Canada Life
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
CMI: Excess death levels stable
The latest data from the Office for National Statistics (ONS) shows excess death rates in England and Wales during the Covid-19 pandemic have remained low for another week.
PPF and TPR to be given key role in corporate restructures
The government has amended its Corporate Governance and Insolvency Bill to give the Pension Protection Fund (PPF) and The Pensions Regulator (TPR) a greater role in corporate restructurings.
Covid-19 causes little direct impact on DB liabilities
Just a fraction of liability growth since the start of the year will be offset by the impact of excess deaths caused by Covid-19, says Lane Clark & Peacock (LCP).
Bulk annuity 'end of year sale' possible as total volumes expected to halve
Covid-19 has caused a slowdown in the number of bulk annuity transactions, with buy-ins and buyouts expected to amount to a maximum of £25bn this year, Willis Towers Watson says.
The day of reckoning approaches for thematically misaligned investors
Tom Duncan looks at how thematic real estate investors will fare after the coronavirus crisis.
Staying alive to sponsor survival
Trustees will need to consider where they can extra cash if needed, as well as where they stand on the insolvency ladder, says Alasdair Smith.
Industry warns over mounting Covid-19 regulatory expectations on trustees
While the latest guidance from The Pensions Regulator (TPR) provides more relief for providers, trustees are not yet able to cope with the demands of meeting its expectations, the industry says.
TPR extends Covid-19 easements but resumes some reporting requirements
The Pensions Regulator (TPR) has updated its guidance for schemes navigating funding or governance difficulties during the Covid-19 pandemic.
Negative inflation from Covid-19 'could see the end of the triple lock'
A slump in inflation caused by economic damage from the coronavirus could pave the way for the abolition of the state pension ‘triple lock’, according to Lane Clark & Peacock (LCP).
XPS launches Covid-19 vulnerability analysis tool
A scheme vulnerability analysis tool aiming to allow pension schemes to understand the likely impact of Covid-19 on their members’ life expectancy has been launched by XPS Pensions Group.
Will Covid-19 undermine companies' ability to sponsor schemes?
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
Climate and coronavirus threaten high-quality actuarial work
The pensions industry’s regulators and key players have identified climate change and the Covid-19 pandemic as key risks to the sustainability of high-quality actuarial work.
CMI: 'Sustained' drop in excess deaths
There is a continued gradual decline in the number of excess weekly deaths in England and Wales three months into the Covid-19 lockdown, according to the Continuous Mortality Investigation (CMI).
LGPS pooling: Building on commonalities to maximise outcomes
Two years on from the launch of the LGPS pools, seven senior figures tell James Phillips all about the process and their plans.
