The spread of COVID-19 is now affecting all areas of public and private life. And in the UK, the virus is hitting defined benefit plans especially hard. In fact, experts say that the crisis has already increased the plans’ deficits by over £100 billion, with the potential of up to £900 billion if COVID-19 continues to spread.
Read the full article from The Actuary to find out which market conditions are contributing to this drastic increase in deficits. Plus, learn how managers can approach the crisis to keep their plans financially sound.