Christine Hallett: Pandemic raises big questions on DB pension benefits

Post-pandemic DB pensions

clock • 5 min read

We are all well aware of some of the harsh economic realities that will be part of the ‘new normal’ that emerges in the months ahead but how the pandemic is likely to impact DB pension members is perhaps less well-known, writes Christine Hallett

The UK's hugely successful vaccination programme has ensured that for the first time in months, the prospect of a relatively normal form of post-pandemic life emerging in the foreseeable future finally appears realistic. Reports in late February suggested that the nation's inoculation drive could be extended to people aged as young as 40 within a few weeks. Light has, it seems, been spotted at the end of a very long, pitch-dark tunnel.    However, optimistic suggestions that the return to a form of normality could provide the catalyst for a colossal consumer spending spree were recent...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Govt reportedly considering introducing a £2,000 salary sacrifice annual cap

Joseph Warne
clock 14 November 2025 • 4 min read
Reeves looking to cap salary sacrifice contributions to £2,000 - reports

Reeves looking to cap salary sacrifice contributions to £2,000 - reports

Chancellor has 'decided against' cutting pension lump-sum withdrawals

Jonathan Stapleton
clock 10 November 2025 • 4 min read
MPs warned against changes to salary sacrifice pensions

MPs warned against changes to salary sacrifice pensions

SPP says scrapping salary sacrifice would lead to reduction in employees’ take home pay

Martin Richmond
clock 07 November 2025 • 4 min read