WORKPLACE PENSIONS: COVID-19

May 14, 2021

What do you need to consider?

There are a whole range of issues that pension trustees, employers and their advisers are facing as a result of COVID-19 (coronavirus).

You should focus your activities on the key risks to pension savers:

  • benefits need to be paid
  • the risk of scams needs to be minimised
  • employers need to continue contributing
  • savers need support to make good decisions in these challenging circumstances
  • some administrative breaches of the law may occur and we will maintain a proportionate and fair approach to any action we may take

The Pensions Regulator will continue to provide guidance in response to emerging challenges and impacts.

Resources for Employers:

  • Automatic enrolment and DC pension contributions: guidance for employers
    This is guidance for employers about automatic enrolment duties and workplace pension contributions during the COVID-19 situation.
  • DB scheme funding: guidance for employers
    Here you will find guidance on scheme funding for employers with defined benefit pensions to follow during the COVID-19 situation.

FOR MORE INFORMATION CLICK HERE

 

 

Call the Business Helpline to find out how we can help your business. Call 0300 111 8002.