The financial commitments being made to support global economies are a strategic shock.
It is too early to predict the long-term implications for UK public finances, but it is worth noting that the predicted cost of the McCloud Remedy (without any Covid19 adjustments) is forecast to be around £4Bn a year.
So, a pension review of sorts may be on the cards and, as you would expect, the Society is conducting preparatory work so it is ready to lobby on your behalf.
