The Implications of the COVID-19 Pandemic for Pensions

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DC Field	Value
dc.identifier	ECF_chapter_4136
dc.contributor.author	Sutcliffe Charles
dc.title	The Implications of the COVID-19 Pandemic for Pensions
dc.type	Chapter
dc.language.iso	en
dc.description.abstract	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.
dc.relation.ispartof	Innovation in Business, Economics & Finance
dc.publisher	Edizioni Ca’ Foscari - Digital Publishing, Fondazione Università Ca’ Foscari
dc.issued	2020-07-31
dc.dateAccepted	2020-06-30
dc.dateSubmitted	2020-06-03
dc.identifier.uri	http://edizionicafoscari.it/en/edizioni4/libri/978-88-6969-443-1/the-implications-of-the-covid-19-pandemic-for-pens/
dc.identifier.doi	10.30687/978-88-6969-442-4/017
dc.identifier.eissn	2784-8574
dc.identifier.isbn
dc.identifier.eisbn	978-88-6969-442-4
dc.rights	Creative Commons Attribution 4.0 International Public License
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/
item.fulltext	with fulltext
item.grantfulltext	open
dc.peer-review	yes
dc.subject	COVID-19
dc.subject	COVID-19
dc.subject	Coronavirus
dc.subject	Coronavirus
dc.subject	Lockdown
dc.subject	Lockdown
dc.subject	Longevity
dc.subject	Longevity
dc.subject	Mortality
dc.subject	Mortality
dc.subject	Pension contributions
dc.subject	Pension contributions
dc.subject	Pension scams
dc.subject	Pension scams
dc.subject	Pension transfers
dc.subject	Pension transfers
dc.subject	Pension withdrawals
dc.subject	Pension withdrawals
dc.subject	Pensions
dc.subject	Pensions
dc.subject	State pensions
dc.subject	State pensions

Chapter
open access peer reviewed

The Implications of the COVID-19 Pandemic for Pensions

Charles Sutcliffe The ICMA Centre, Henley Business School, University of Reading, UK

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abstract

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.

Published

July 31, 2020

Accepted

June 30, 2020

Submitted

June 3, 2020

Language

ISBN (EBOOK)

978-88-6969-442-4

Keywords: Pension scams • Pensions • Mortality • COVID-19 • Lockdown • Pension transfers • Pension withdrawals • Pension contributions • Coronavirus • State pensions • Longevity

permalink: http://doi.org/10.30687/978-88-6969-442-4/017

Copyright: © 2020 Charles Sutcliffe. This is an open-access work distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction is permitted, provided that the original author(s) and the copyright owner(s) are credited and that the original publication is cited, in accordance with accepted academic practice. The license allows for commercial use. No use, distribution or reproduction is permitted which does not comply with these terms.

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