Pensions Group Says Liabilities Could Fall £90B Amid Virus

Law360, London (July 22, 2020, 5:13 PM BST) -- Pensions liabilities could fall by £90 billion ($115 billion) as a result of the long-term impact of COVID-19 on life expectancy, although the hit could vary between schemes, a retirement consultancy said Wednesday.

XPS Pensions said the liabilities for defined benefits schemes could fall by 5% because of increased mortality rates in the worst outcome — a global depression and the failure to develop a vaccine. In that scenario, pension plans would experience a rise in funding from members living on average a year less, because of increased mortality from the virus.

But the company said that retirement schemes would see an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!