According to a recent article in The Guardian, “As soon as a vaccine is approved, it’s going to be needed in vast quantities. In a best-case scenario, mass manufacture probably won’t arrive before 2021 – and many of the organisations in the Covid-19 vaccine race simply don’t have the necessary production capacity.”
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The COVID-19 pandemic has had a dramatic impact on the day-to-day activities of asset management salespeople. While the shift to virtual-only advisor meetings is the most obvious change, sales leaders have also had to figure out how to manage remote teams effectively and how to keep morale and engagement high amidst challenging times.
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The term “private debt” is typically applied to debt investments that are not financed by banks and are not issued or traded in an open market. Since the 2008-2009 global financial crisis (GFC), private debt has found its way to portfolios of institutional investors. Regulatory changes have required that banks deleverage their balance sheets, and non-bank lenders and private debt funds have emerged as the alternative to the debt that was previously available through banks.
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Members depend on you for safe access to medical and pharmacy care no matter what is going on in the world, so health plans like yours are in the business of dealing with unexpected events. Even so, disruptions can strain your teams and resources despite comprehensive contingency planning. The COVID-19 pandemic has shown us how quickly and dramatically events outside the realm of “business-as-usual” can pile up for health plans, creating new challenges around maintaining daily operations amidst multiple, serious disruptions.
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Since the start of the COVID-19 crisis, most of us have been flooded with pandemic-related updates, insights and communications from our employers, retirement plans and financial advisors. Equipping individuals with content that helps educate and empower them to make better decisions is a key capability and highly valued by stakeholders. During this crisis, it has become invaluable.
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SS&C has had virtual conversations with several leading private capital companies, limited partners and industry stakeholders to gain insight into how the coronavirus (COVID-19) pandemic is affecting them now and what they see coming next. In our first post in this series, we focused on high-level observations and predictions. In this post, we will drill down into the different investment strategies and how these strategies are affected by COVID-19 and government intervention.
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Three of the most commonly used words right now are probably: “unprecedented,” “disruptive” and “extraordinary.”
An example of how these words are playing out in everyday life is the fact that Australians withdrew over $1.3 billion of superannuation in the first week of the new early release rules to help those suffering financial hardship as a result of the COVID-19 pandemic. A total of 107 funds made early release payments.
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Since the passage of “Coronavirus Aid, Relief, and Economic Security Act” or “CARES Act” the Retirement Industry has anxiously awaited guidance on a number of open questions. During that time, regulators have issued additional relief measures designed to ease the burden on employers and their plan participants. For example, the IRS issued Notice 2020-23 on April 9, which extended many tax deadlines, including those deadlines applicable to qualified retirement plans.
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