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, Investment and Insurance. We are regularly updating our hub with expert insight and opinion.
For both trustees and sponsors, Coronavirus poses significant risks and challenges. With the regulatory focus being on long term planning how should pension schemes adapt to this unanticipated event?
In this blog, Clive Harrison explores how schemes can protect their members against scammers and ensure they make sensible pension decisions in the Covid-19 crisis.
This edition: Coronavirus guidance for trustees, employers and administrators, PPF’s new D&B insolvency risk score methodology, Further progress with PPF compensation payments, Finance Bill, Financial wellbeing during the coronavirus pandemic
In these difficult times, some trustees and sponsors may need to consider pausing deficit contributions as part of a package of measures to help the company survive. TPR has now issued importance guidance. Steven Taylor explores more in this blog
At this time of Covid-19 crisis, companies are facing a host of challenges to their businesses. Prioritisation will be key. For many of those companies coming up to 31 March accounting dates, these challenges will be exacerbated by their pensions balance sheets and P&L.
This edition: Coronavirus and pension schemes, DB transfer experience, Climate change guidance for trustees, Box Clever financial support dispute update, When to rectify GMP records – guidance on coordinating with GMP equalisation, Cross-border schemes guidance updated, Auto-enrolment and offshore workers
The Coronavirus pandemic shows how unanticipated risks can throw even the best laid plans off track. In this blog, Fran Bailey and John Parnis England explore how defined benefit pension schemes and their sponsors may be impacted in these turbulent times and outline some steps that can be taken to manage these risks.
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
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?
In this blog, David Wrigley and Laasya Shekaran explore hedging strategies during volatile markets and why trustees and sponsors need to review their hedging strategies.
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
Coronavirus is impacting the insurance industry as business risk and claims increase. What are the key strategies to adopt and issues to consider?
In this blog Ed Harrison reviews the potential impact of COVID-19 on the insurance companies providing protection for our cancelled holidays.
In this blog, LCP's Cat Drummond explores PRA announcement to follow EIOPA's Solvency II reporting recommendations in wake of COVID-19
In this blog, LCP's Cat Drummond explores EIOPA recommendations on supervisory flexibility regarding Solvency II reporting and disclosure deadlines as a result of COVID-19.
Has COVID-19 put the industry on life-support or will it pull through with just minor symptoms? In this blog, Ed Harrison examines the possible impact of the virus on motor insurance – a core product for many well-known insurance brands.