New guidance will help trustees of defined benefit pension schemes if the sponsor is struggling through the current pandemic, and/or with Brexit looming. We encourage trustees of defined benefit schemes to review the guidance and if the sponsor is in distress, to discuss what actions should be taken.
The world has now been blessed with another GMP Equalisation judgment. The ruling will be unwelcome news to just about everyone involved in the running of pension schemes. We look at the impact of the judgment on pension schemes.
2020 has clearly been a tough year for pension scheme trustees. This special bulletin looks at the impacts of the COVID-19 pandemic on pension schemes.
Trustees and employers currently negotiating a valuation will be having difficult discussions about the immediate impact of COVID-19 and the longer-term position of their schemes. TPR is encouraging trustees and employers to work together to manage these risks.