Help! Schemes with distressed sponsors

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.

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TPR ANNUAL FUNDING STATEMENT

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.

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