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COVID-19: Pressure Points: Key actions checklists for trustees and sponsors of DB schemes (UK)

08 April 2020 | London
Legal Briefings – By Alison Brown, Rachel Pinto and Marcus Fink

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Current events related to COVID-19 and the related economic impact are raising a number of time critical issues that sponsors and trustees of defined benefit schemes need to address. To help with this, we have created checklists (based on our experience advising clients to date) which summarise the key pensions-related issues and regulatory guidance that trustees and sponsors need to consider in relation to defined benefit schemes:

COVID-19 Pressure points - Checklist of key issues for DB scheme sponsors (UK) 

COVID-19 Pressure points - Checklist of key issues for trustees of DB schemes (UK)

The checklists cover key issues relating to:

  • business continuity and the ongoing operation of the scheme
  • funding and handling requests to defer deficit recovery contributions
  • suspending transfer values
  • data protection and cybersecurity, and
  • pension scams and member communications.

If you have particular concerns about your scheme or sponsor please contact us.

Latest News

Follow the latest news on the impact of COVID-19 on UK pension schemes and sponsors on our UK pensions blog. For updates on the wider impact check HSF’s COVID-19 hub.

These checklists should be read alongside our COVID-19 briefings which can be found here:

COVID-19 Pressure points: Regulator gives green light for trustees to suspend transfer values and updates guidance on deferring employer pension contributions (UK)

COVID-19 Pressure points: Pensions Regulator and PPF issue guidance for trustees of DB schemes with distressed sponsors (UK)

COVID-19 Pressure points: Immediate actions for pension scheme sponsors and trustees (UK)

Key Contacts