In the news this week, TPR continues to update its Covid-19 guidance and there is further evidence of companies seeking to suspend their deficit contributions, whilst Premier Foods is merging three of its DB schemes.
Month: April 2020
Given the very company/scheme-specific impact of the Covid-19 pandemic, in this quarter’s Arena we simply show all the usual financial and investment analysis for what was a very turbulent first three months of 2020, plus a summary of key pension developments and Company pensions news over the quarter.
In the news this week, the CMI reveals the likely impact of Covid-19 on the number of deaths, TPR publishes further guidance on enforcement, the Financial Times cuts the level of its DC matching contributions and the Co-op’s main DB scheme agrees its third buy-in for 2020.
In the news this week, the pensions world continues to be dominated by the impact of the Covid-19 pandemic, with the Regulator publishing more guidance for employers, the FCA delaying the implementation of its drawdown investment pathways and two household name companies deferring (or missing) their deficit recovery contributions.
In the news this week, the Covid-19 outbreak provides the common thread as the Regulator shows pragmatism in its latest guidance on DB funding/investment and DC investment, the April 2020 general levy increase is cancelled, the final GMP data cuts are delayed again, financial regulators caution savers to stay calm and two buy-ins are announced.