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A constant stream of Covid-19 related announcements have been made since the Summer, including details of the new Job Support Scheme replacing the Coronavirus Job Retention Scheme (CJRS) from 1 November, the Job Retention Bonus and new criminal offences for employers knowingly permitting employees who should be self-isolating to return to the workplace. Key upcoming … Read more
Before the outbreak of Covid-19, the Pensions Regulator was emphasising its tougher approach to pensions regulation: Clearer, Quicker, Tougher. This focus is borne out in the Pension Schemes Bill, with the range of extensive new powers it will afford the Regulator, and in the Regulator’s plans to introduce a new DB funding Code which (based … Read more
The PPF’s proposed rules for calculating the 2021/22 levy seek to strike a balance between giving sponsors time to recover from the economic impact of Covid-19, whilst recognising the increased risks the PPF faces in the years ahead. The PPF estimates that around 90% of schemes that pay a risk-based levy could expect to see … Read more
One year on from the introduction of new ESG requirements for UK pension schemes, we interview Ashley Hamilton-Claxton, Head of Responsible Investment at Royal London Asset Management, in our latest pensions podcast to find out what impact this is having on the way pension schemes and asset managers assess and manage ESG risks. We also … Read more
Here is a round-up of the pensions blogs and briefings that we have posted during the past month. Some of these have been broadcast but several have not, to avoid sending you too many emails. Read more
On 24 September, the Chancellor announced the creation of a new Job Support Scheme (JSS) to replace the Coronavirus Job Retention Scheme (CJRS) which ends on 31 October 2020. The JSS is designed to support “viable jobs” by providing Government support for an employee’s usual wages where an individual is working at least one-third of … Read more
The latest edition of our quarterly Pensions Planner is here. Click on the image below to download your copy. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and identify the key pensions issues that your scheme or organisation needs to address in the … Read more
Last week, the Pensions Regulator updated its Covid-19 guidance on reporting duties and enforcement activity. The updated guidance confirms that, with effect from 1 January 2021, the Regulator is asking pension providers and trustees of defined contribution (DC) schemes to revert to reporting payment failures that are 90 days outstanding, rather than after 150 days. … Read more
A plethora of guidance is being produced to help employers and trustees deal with the issues arising from the spread of COVID-19 and the measures that have been introduced to limit this. The table below (which we will update as new guidance is issued) provides links to the key pensions-related COVID-19 guidance issued to date … Read more
