COVID-19 – what do pension trustees need to consider?
The Pensions Regulator (TPR) has issued a series of guidance notes regarding the impact of the COVID-19 pandemic on UK pension schemes.
Pension trustees have a particular set of pressures falling on them at this time. Many will have seen the value of scheme assets fall significantly over the last few weeks, matched by an increasingly challenging operating environment for scheme sponsors.
There has been a steady stream of information and guidance from Government and the Pensions Regulator which pension trustees will need to consider, in addition to the practicalities of carrying out trustee business in the current environment.
We have prepared a client alert available here, which describes some of the things pension trustees should be thinking about.
We will provide further updates in due course as the situation develops.
If you would like to discuss any aspect of this article further, please contact Kate Buckham or any of the Pensions team on 0113 243 6100.
You can also keep up to date by following Wrigleys Pensions team on Twitter
The information in this article is necessarily of a general nature. Specific advice should be sought for specific situations. If you have any queries or need any legal advice please feel free to contact Wrigleys Solicitors.