Current events related to Covid-19 and the related economic impact are raising a number of time critical issues that sponsors and trustees of defined benefit schemes need to address. To help with this, we have created checklists (based on our experience advising clients to date) which summarise the key pensions-related issues and regulatory guidance that … Read more

The Corporate Insolvency and Governance Act 2020, which contains the most far-reaching reforms to UK insolvency law in over 30 years, received Royal Assent and came into force at the end of last week. The Act has been introduced on an emergency basis in an attempt to ensure that otherwise financially viable companies survive during … Read more

The Coronavirus Job Retention Scheme (CJRS) opened for claims on 20 April 2020. The scheme, which was originally due to end on 31 May, will remain in place and be available to employers in all sectors through to the end of October 2020. However, a number of changes will apply from today (1 July 2020). … Read more

Here is a round-up of the COVID-19 and non-COVID-19 related pensions briefings and blogs that we have published recently. Together with links to some of the firm’s COVID-19 webinars which we think will be of general interest. To limit the number of emails that we send to you at this time we have not sent … Read more

On 16 June, the Pensions Regulator updated its DB scheme funding and investment: COVID-19 guidance for trustees to reflect the Regulator’s evolving approach to issues such as requests to defer deficit contributions and monitoring employer covenants and in response to developments since the guidance was first published. Since the original guidance issued in April, the … Read more

On 16 June, the Regulator updated its guidance on reporting duties and enforcement activity to clarify which easements will continue to apply until 30 September 2020 and which reporting requirements will resume as normal from 1 July 2020. The changes were also confirmed in a press release. Reporting requirements From 1 July, reporting requirements will … 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

From 1 July 2020, furloughed employees can return to work on a part-time basis. Other changes are also being made to the Coronavirus Job Retention Scheme (CJRS) from this date, including to the way in which claims will need to be submitted. In addition, from 1 August, employers will be required to cover the full … Read more