Over the last few weeks, there has been a flurry of announcements from the government, the Pensions Regulator and the Pension Protection Fund in relation to COVID-19. In this newsletter, we cover the key information taken from these announcements and provide our thoughts on some practical measures which trustees and employers could add to their action plans to see them through these difficult times.
Topics also covered in this issue include sponsoring employer distress, preparing schemes for PPF entry, the pensions implications of the ‘furlough’ scheme, good governance whilst social distancing, heightened risks of pensions scams and setting priorities for pensions administrators.
Please do let us know if you have any questions or thoughts you would like to share with us.
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