COVID-19
Professional Pensions and Mercer Deskflix Event: Covid-19
Dealing with the impacts. The event examines how the pandemic has amplified some of the challenges DB and DC pension schemes have to overcome, and how you’ll now need to rise to a new set of challenges that, whilst created by Covid-19, are probably here to stay.
Purple Book reveals scheme funding has worsened, but PPF remains confident of success
Scheme funding in the defined benefit (DB) universe has worsened, but the Pension Protection Fund (PPF) remains confident it can tackle the challenges ahead, it says as it launches its 2020 Purple Book.
How employers are changing their benefit offerings as a result of the Covid crisis
Covid-19 has had a seismic impact on regular office life. Nick Martindale looks at how employee benefits provisions are expanding to reach the new normal
Market Movers Blog: Bitcoin reaches all-time high; FTSE 100 sees best month in three decades
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....
Why you must be proactive to address risks in the 'new normal'
Tim Shepherd and Beth Brown look at the legal implications of working from home and how pension professionals can mitigate the risks.
Master trust investments 'more sophisticated' but 'growing pains' hinder progress
Master trusts’ investment strategies have grown and become more sophisticated over the last three years, but “growing pains” are hindering progress, according to the Defined Contribution Investment Forum (DCIF).
Companies overstate liabilities by £60bn amid Covid deaths
Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.
DB transfer activity rises as 60% show signs of possible scams
More members transferred out of defined benefit (DB) pension schemes in October after September's record lows while values were surprisingly stable, according to XPS Pensions Group's Transfer Watch.
Industry Voice: The new Covid-19 landscape - country selection key for emerging markets debt
COVID-19 has changed the landscape for emerging markets (EM) debt, injecting a new dimension of pandemic-related economic uncertainty. In this report, the Eaton Vance EM debt team outlines our view that strong fundamental analysis and country selection is more important than ever.
Be ready for sponsor distress, TPR tells trustees in fresh guidance
Trustees must know the signs of sponsor distress and be prepared to act quickly as the “first line of defence” for savers, The Pensions Regulator (TPR) has warned.
CMI: Excess mortality continues as Covid-19 deaths rise
All-cause mortality remains higher than levels observed last year with the number of weekly deaths related to Covid-19 surpassing 1,000.
Majority of savers 'far from confident' about financial future
More than half of UK savers agree they are unable to save sufficiently to achieve the retirement they want, according to research by BlackRock.
BoE increases QE to £875bn but avoids negative interest rates
The Bank of England (BoE) has voted unanimously to increase its purchase of UK government bonds by £150bn and to maintain rates at 0.1%, shunning rumours of a move towards negative interest rates.
Industry Voice: An uncertain outlook needs a clear strategy and strong governance
This year has been one of the most turbulent periods for many pension scheme trustees. Those best able to navigate their way through it, have had strong governance in place, with their decision-making guided by a focus on achieving their long-term strategy. In the current market this is often easier said than done.
CMI: Excess mortality returns with second Covid-19 wave
The number of deaths with coronavirus mentioned on the death certificate has continued to increase in recent weeks with all-cause mortality now higher than levels observed in 2019.
A post-war approach to inflation?
Supply will need to be rebuilt following the forced shutdown, potentially pushing up inflation and reasserting the need for adequate hedges, writes James Phillips
Worse off savers refrain from changing pensions
Pension savers have held off from making changes to their pensions despite nearly half having been impacted by the pandemic, research finds.
Pension funds should focus on members' broader wellbeing
There is more to being a pension fund trustee than providing members with a pension, says Rory Murphy.
PPF levies: The calm before the storm?
Lewys Curteis looks at what the changes to the PPF’s levy rules mean for schemes over the long-term.
Recovery end plan dates lengthened by just one third of DB schemes
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
TPR launches discussion on 15-year corporate strategy; key focus on shift to DC
The Pensions Regulator (TPR) has launched its 15-year corporate strategy in the form of a discussion paper, revealing protecting the future financial wellbeing of savers will sit at the heart of its work.
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