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Opinion: Suspending deficit contributions as a reaction to the Covid-19 pandemic

13 May 2020
Man and women talking in a business meeting on a sofa

In late April, we surveyed nearly 400 Isio clients to understand their reaction to the Covid-19 pandemic in relation to the suspension of Deficit Reduction Payments (“DRCs”) and Cash Equivalent Transfer Values (“CETVs”). In addition to the results shown below, a further 7% of employers are considering suspending contributions, which could bring the eventual total to almost 20% of schemes.

 

Please contact us if you would like to discuss further.