Darren Redmayne comments in the Financial Times
Darren Redmayne, CEO of Lincoln Pensions, commented in the Financial Times. In recent days there have been requests coming in from employers supporting DB pension schemes as they grapple with the increasing pressure and business climate from the coronavirus pandemic.
“We are seeing a notable number of requests from companies standing behind defined benefit schemes to defer, delay or renegotiate the contributions that they are making to their DB plans.
Finance directors are exploring all angles for boosting their liquidity including seeing if trustees can play a part in helping companies work through the impact of coronavirus.
The sectors we are seeing these requests coming from are, not surprisingly, the ones facing the most disruption, including construction, transportation and professional services.”
The full article can be accessed here (subscription to FT required).
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