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Retirement plans for 2021 have changed for many due to the Covid-19 (Coronavirus) pandemic. While some have decided to put their retirement on hold due to their savings taking a hit because of Covid-19, others are deciding to retire early after being discouraged about finding employment again when faced with redundancy.
February of 2020 began much like any other month. It didn’t last. Seemingly in a matter of days, everything changed as the world experienced a convergence of economic, humanitarian, and health crises with the rise of COVID-19.
They say that necessity is the mother of invention. This is never truer than with the case of online examinations. Our qualifications at the PMI rely on summative assessments for progression and these summative assessments are in the form of an end type of exam.
I am taking over the presidency of the Pensions Management Institute (PMI) against a backdrop of a global pandemic and the potential of further restrictions to our personal freedoms as we face a second wave of the Covid-19 virus.
Covid-19 has changed the way people and companies in the pensions industry are working. Will these become permanent changes in working practise, operational delivery and communication or will old habits and methods return? What can we learn from the current practices and what does the speed of change since restrictions were imposed tell us?