The implications of the COVID-19 pandemic for pensions

Sutcliffe, C. ORCID: https://orcid.org/0000-0003-0187-487X (2020) The implications of the COVID-19 pandemic for pensions. In: Billio, M. and Varotto, S. ORCID: https://orcid.org/0000-0001-5328-5327 (eds.) A New World Post COVID-19: Lessons for Business, the Finance Industry and Policy Makers. Innovation in Business, Economics & Finance (1). Ca’ Foscari University Press, Venice, Italy, pp. 235-244. ISBN 9788869694424 doi: 10.30687/978-88-6969-442-4/017

Abstract/Summary

COVID-19 and the lockdowns have had a big global economic effect, as well as increasing mortality. We examine the effects of COVID-19 and the resulting relaxations of pension regulations on pension schemes. Those who transfer their pension or withdraw cash from their pension pot while asset prices are depressed by COVID-19 are losers; as are members of defined benefit schemes with a deficit whose employer fails due to COVID-19. The increased mortality from COVID-19 will have a minimal effect on pensions. If economies recover to pre-COVID-19 levels, the long run effects on pensions should be small.

Item Type	Book or Report Section
URI	https://reading-clone.eprints-hosting.org/id/eprint/92111
Identification Number/DOI	10.30687/978-88-6969-442-4/017
Refereed	Yes
Divisions	Henley Business School > Finance and Accounting
Publisher	Ca’ Foscari University Press
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