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Pension environment post Covid19

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.

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