Pension scheme funding and the COVID-19 pandemic has been saved
Pension scheme funding and the COVID-19 pandemic
What corporates can be doing now, next and beyond
Many companies will be facing significant challenges in light of the COVID-19 pandemic and, as a result, managing cash outflow is likely to be a key focus. Pension costs are therefore under scrutiny in the same way as other business costs.
Many pension schemes will also have a seen a worsening of the funding position as a result of the market instability caused by the COVID-19 pandemic.
The COVID-19 pandemic comes at a time when the regulatory direction of travel had been pushing companies and pension scheme trustees to agree long-term objectives and journey plans to reduce risk and deliver better funded schemes.
In the attached publication, we consider what this means for corporates - now, next and beyond.