A funding crisis in the pension scheme for teachers could lead to further contribution increases and yet more private schools leaving the scheme, as Covid-19 and the McCloud judgment take their toll.

The mass exodus of private schools opting out of the Teachers’ Pension Scheme has reached a crescendo with 110 schools leaving in the past year.

Workers are ditching a widening range of retirement options offered by workplace defined contribution schemes for expensive retail products.

Data crunch: Pension providers must improve on supporting members at the point of retirement, while post-retirement drawdown options are also in need of investment, according to new research.

Data crunch: A massive spike in defined contribution transfers could signal frantic consolidation in the master trust sector, as experts call for clearer data from the Office for National Statistics.

In something of a shock move, Gregg McClymont, the former Labour shadow pensions minister, starts a new role at IFM Investors in July as its executive director of public affairs for Europe.

A solution for the regeneration of Britain’s infrastructure could come from pensions, as superfunds could help plug the UK’s £1tn infrastructure gap. However, specialists believe it will be difficult for schemes to achieve the scale needed for these investments to be successful.

As Covid-19 continues to wreak its devastation on the corporate landscape, dozens of pension schemes could fall into the Pension Protection Fund. However, a no-deal Brexit could scupper that option for up to one-fifth of distressed employers with an EU connection.