The return on Veritas’ investments in January-March was negative. Nevertheless, the record-breaking investment returns of last year and Veritas’ solid solvency position safeguard pension funds in the deteriorating market conditions.
The coronavirus epidemic has thrown a shadow over the second quarter of the year. During the first half of the year, Veritas provided support for its customer companies to ensure their ability to survive the worst phase of the epidemic. Customers were offered payment extensions on their pension contributions and tenants were granted flexibility as well.