Annual Funding Statement 2021 – Key messages

The Pension Regulator’s latest Annual Funding Statement covers a lot of ground, emphasising the need for trustees to determine how their covenant has been impacted by Covid-19 and Brexit and to assess whether they are on track to reach their long-term funding target. Where a recovery plan is needed, affordability remains a key consideration and, … Read more

Podcast: Workplace Mental Wellness

To mark Mental Health Awareness Week #MHAW21, Samantha Brown, Head of Employment, Pensions and Incentives, joined Tim Leaver, a Partner in our Employment team on our Employment team’s Expresso Pods Podcast series to discuss: workplace mental health and wellness, and how the pandemic has impacted our wellbeing and awareness of our mental health. They also … Read more

New and evolving pension risks in 2021

2020 was undoubtedly an unprecedented year, dominated of course by the impact of Covid-19 and here in the UK, by the preparations for Brexit. The year may (finally) be over, however, these themes are likely to continue to dominate the agenda in 2021. Nevertheless, with vaccines being rolled out and a Brexit deal agreed, there … Read more

Covid-19: round-up of recent changes concerning CJRS claims and lockdown rules (UK)

Here is a round up of the recent changes concerning the Coronavirus Job Retention Scheme and rules relating to the third lockdown. Employers claiming for furloughed employees under the Coronavirus Job Retention Scheme (CJRS) need to keep a close eye on deadlines. Monthly deadlines for claims must be now met unless an employer has a ‘reasonable … Read more

Pressure points: Key pensions-related guidance (UK)

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