Covid-19
EXCLUSIVE: What's keeping pension professionals positive during lockdown?
It’s not all gloom and doom say Buzz respondents…
Seven million people take pension action during lockdown
More than a third of savers have taken some form of action relating to their pension during the national lockdown, according to research by Aviva.
Gap between pension accounting reporting and long-term funding strategies grows
XPS Pensions has revealed that the gap between pension obligations reported in companies’ accounts and the long-term funding strategies that drive cash demands is continuing to grow.
Covid-19 widens FTSE 350 DB funding gap
FTSE 350 companies with defined benefit (DB) pension schemes have been hit particularly hard by the economic crisis caused by Covid-19, latest research from Barnett Waddingham shows.
TPR set to tighten regulatory grip as it unveils its latest corporate plan
The Pensions Regulator (TPR) has said it will continue with its “clear, quick and tough” approach to driving up standards across the pensions industry following the coronavirus pandemic.
Schemes and insurers pile £2.7bn into Macquarie infrastructure debt fund
A range of predominantly UK corporate pension schemes, local authority funds and insurance companies have committed £2.7bn to the latest fundraising round for Macquarie infrastructure debt strategy, Macquarie Infrastructure Debt Investment Solutions (MIDIS)....
Market Movers Blog: Dividend limits and no buybacks - Fed
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....
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.
Coronavirus Blog: Pandemic causes little direct impact on DB liabilities; Bulk annuity 'end of year sale' possible
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.
Five stories you may have missed this week
This week’s top stories included The Pension Regulator’s launch of interim guidance for the superfund market, while the regulator also extended Covid-19 easements and resumed some reporting requirements.
The Pensions Superfund and Clara poised for transactions following greenlight by TPR
Defined benefit (DB) scheme consolidators The Pensions Superfund and Clara Pensions are both set to begin transacting as soon as possible after new guidance for their operations was issued by The Pensions Regulator (TPR).
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.
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.
DB funding - May 2020: PPF 7800 deficit surges by 37%
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2020 estimates on the various measures…
Government extends NHS scheme pays deadline
NHS Pension Scheme members will be given an extra three months to make use of the voluntary scheme pays facility due to the increased pressures arising from the Covid-19 pandemic.
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