Most UK defined benefit (DB) pension schemes will rely heavily on investment returns, rather than seek additional cash from sponsors, to achieve their funding targets during the coronavirus crisis.
Pension schemes at the UK's 100 largest listed companies were in their best financial position for 20 years at the start of the coronavirus crisis, research by Lane Clark & Peacock (LCP) has found.
There are encouraging signs of recovery for the expected retirement income of defined contribution (DC) pension scheme members in the UK following dramatic falls in March due to the COVID-19 crisis.
Transfers between defined contribution (DC) pension schemes must still be completed in good time, despite the COVID-19 pandemic, according to updated guidance issued by The Pensions Regulator (TPR).
The number of defined benefit (DB) pension transfers in the UK fell to a record low last month amid continued market uncertainty created by the coronavirus crisis.
