Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
In research published yesterday (2 December) the consultancy said a “perfect storm” could be awaiting many UK pension schemes from January.
While corporate insolvency rates have been relatively low in recent years, temporary protections brought in during the early part of the coronavirus pandemic mean insolvencies are now at a historically low leve…
Read the full article at: https://www.professionalpensions.com/news/4024450/aon-flags-pension-scheme-woes-ahead-corporate-insolvency-protection-lift