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.
Just 11% revealed the pandemic made them delay retirement because they could no longer afford it
Research highlighted the impact of Covid-19 on retirement savings as the gap rose by over £26,000
The firm said it made good progress despite the ongoing impact of the Covid-19 pandemic
PM and chancellor urge schemes to invest more in long-term assets to give savers better returns
Ombudsman Antony Arter says the last year was successful despite the challenges of Covid-19
PwC index finds winter lockdown undid improvements from summer reopening
The firm’s total revenue grew to £127.9m in the 12 months to 31 March 2021
Cash equivalent transfer values (CETVs) were "significantly impacted" in a number of key areas by the Covid-19 pandemic, according to research by Barnett Waddingham.
Defined benefit (DB) pension schemes must stay alive to heightening risks to funding from sponsor covenants, climate change and longevity experience, The Pensions Regulator (TPR) says.
Trustees have been warned to keep an eye on weakening employer covenants even after a positive aggregate funding experience in the last three years as myriad funding and investment issues pose risks to defined benefit (DB) schemes.