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How pandemic impacted the pensions industry

Posted On: 27 Sep 2020   |   Posted By: Raconteur

How pandemic impacted the pensions industry

When pensions make newspaper headlines it is almost always for negative reasons. The massive stock market losses of the COVID crash, which saw the FTSE100 lose around a third of its value over the first three months of 2020, have been no different. So how has this latest shock to the system influenced attitudes to pensions and how have market players adapted in meeting that most important of all pension industry challenges of maintaining public trust?
Pension providers are adopting increasingly sophisticated risk management strategies to protect savers from the worst of stock market falls and preserve that hard-earned public confidence.
The coronavirus pandemic is the latest in a series of black swan events, unforeseen cataclysmic events that create stock market turmoil and have huge repercussions for the value of assets within pension schemes.
Richard Butcher, chair of the Pensions and Lifetime Savings Association, says: “I sense there are probably more big risk factors now, the increasingly violent...

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