Coronavirus (Covid-19) poses unprecedented challenges to economies across the world. How is this impacting the world of business? In a situation that is changing every day how do you know what action you should be taking and when?
Our dedicated hub will provide up to date thinking on how Coronavirus (Covid-19) is impacting the market across all our business areas. It is designed to give expert reaction on the latest developments and what they might mean in the short and longer term as well as giving practical advice about dealing with challenging times.
Our hub is divided into three areas; Pensions & benefits, Investment and Insurance. We are regularly updating our hub with expert insight and opinion.
Pensions & benefits
For both trustees and sponsors, Covid-19 poses significant risks and challenges. With the regulatory focus being on long term planning how should pension schemes adapt to this unanticipated event?
Our action plan is intended to help trustees who are starting or in the early stages of a valuation work through the actions they need to consider in the key areas of governance, covenant, investment and funding.
5 May 2020
Why trustees and sponsors of DB pension schemes need to think creatively about ‘switch on’ mechanisms, after DB contribution deferrals.
Our action plan is intended to give a high-level overview of key areas for companies to consider as part of a current or upcoming funding valuation, in the context of the Pensions Regulator (TPR)’s 2020 Annual Funding Statement (AFS2020) as summarised in our recent News Alert. Specific priorities for different companies will vary depending on circumstances.
4 May 2020
TPR is still expecting pension schemes to get a fair share of available cash despite the current crisis
News Alert: Today the Pensions Regulator issued this year’s funding statement setting out its key messages for trustees and sponsors who are undertaking DB valuations at the current time.
In this blog, Jon Wolff examines what the new Annual Funding Statement released by The Pensions Regulator (TPR) today has to say.
We found that the amount of money which some companies have to pay into PPF could rise threefold as a result of the current crisis.
Access this webinar on-demand for a discussion on several pension and investment case studies sharing what companies have done in practice in relation to COVID-19, why they have done it, and what they are considering doing next.
What should trustees should expect from their administrator during the COVID-19 crisis?
LCP's Ken Hardman reflects on what he thinks companies and trustees who are considering a major transaction should do, in light of Covid-19.
We explore the challenging decisions employers need to make around protecting valuable employees, without damaging their businesses in the long-term.
Our webinar is an overview of the consultation and what it might mean in practice for your scheme.
We discussed the latest on the DB Funding Code and how Covid-19 might impact it with TPR's David Fairs.
What are the do's and dont's around valuations during this time of COVID-19 uncertainty?
We discusses some steps you can take to help ease your DC members worries during COVID-19.
An analysis of the latest guidance from the Pensions Regulator around DB funding and transfer values in the wake of Covid-19
How can schemes protect their members against scammers during the Covid-19 crisis?
Can pausing deficit contributions help sponsors find calm during current volatile times?
Exploring the accounting challenges for corporates during these times of uncertainty.
How will DB schemes and their sponsors be impacted in these turbulent times?
The financial disruption caused by Covid-19 has caused a painful set of asset and liability shocks to DB schemes. But the most pressing issue for schemes is the potentially significant impact of the crisis on the viability of sponsoring employers according to LCP partner, Steven Taylor.
The COVID-19 pandemic shows how unanticipated risks can throw even the best laid plans off track. The effects on schemes will be very wide ranging. Our action plan gives some practical advice about what to do.
18 March 2020
We appreciate that our corporate clients have a lot on their plate – which is why we have produced this quick action plan to help you prioritise what you need to do in relation to your company pension arrangements
19 March 2020
This action plan summarises some key considerations and actions for trustees of DC schemes to help you understand the impact on your scheme and members.
1 April 2020
In a volatile global economy, getting your investment strategy right is vital. How can you ensure your strategy isn’t blown too far off course by the current headwinds?
Hosts Dan Mikulskis and Mary Spencer sit down with Natalie Brain, investment consultant and member of LCP’s macro team and talk about revising economic forecasts after an extreme shock, like the one we’re currently experiencing.
29 April 2020
Hosts Dan Mikulskis and Mary Spencer put some of the key questions that fund allocators will have to Matt Gibson, LCP's head of investment fund manager research, Matt Gibson and discuss some of the key themes in Matt’s team’s discussions with managers over the latest, eventful quarter:
22 April 2020
Various approaches for trustees to take during COVID-19 as well as the benefits and issues on taking alternative linear de-risking approaches.
Trustees and sponsors should review their hedging strategies during volatile markets.
This week on Investment Uncut hosts, Mary Spencer and Dan Mikulskis, speak to Natalie Brain – a member of LCP’s macro committee. They discuss Coronavirus, capital market views, equity asset classes, credit asset classes, real assets, most underappreciated thing about investing, recommendations good articles, blogs, books, series (work/non work related).
In this update, we provide a summary of the impact on the global economy and financial markets so far, cover the response from policymakers and set out some key investment questions that we are encouraging our clients to consider.
18 March 2020
Covid-19 is impacting the insurance industry as business risk and claims increase. What are the key strategies to adopt and issues to consider?
Social inflation has been a hot topic recently, but how does Covid-19 affect social inflation?
What are the effects on the industry of motor insurance whiplash reforms being delayed to April 2021 due to Covid-19?
What does EIOPA’s recommendation that firms publish details of the effect of Covid-19 on their SFCR disclosures mean for firms' upcoming reporting?
What is the potential impact of Covid-19 on travel insurance?
The PRA will follow EIOPA's lead in adapting insurer reporting recommendations in wake of COVID-19
EIOPA recommendations around flexibility on Solvency II reporting and disclosure deadlines due to COVID-19
Has COVID-19 put the motor insurance industry on life support?