Tool aims to simplify pension communications and allow schemes to test comms’ readability
Schemes need to consider how to weight 2020 mortality data in their assumptions
The full impact of the pandemic means many defined benefit (DB) schemes will have now overestimated the life expectancies of their members, research suggests.
Schemes need to be prepared for the potential longer-term health impacts on those who contract Covid-19, says Steve Leake.
Defined benefit (DB) scheme liabilities could reduce by as much as 5% as a result of Covid-19, XPS Pensions forecasting reveals.
A new tracker launched by XPS Pensions Group predicts Covid-19 related deaths for the UK are now at or close to 50,000.