Lane Clark & Peacock (LCP) has warned that whilst rising long-term rates are generally good news for scheme funding levels, trustees should carefully consider the impact on their scheme’s sponsoring employer.
The warning comes after the Bank of England's decision today (22 September) to raise interest rates to 2.25%. The increase has raised fears that employer covenant may be weakened, depending on t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
