Current events related to Covid-19 and the related economic impact are raising a number of time critical pensions-related issues that employers with defined contribution (DC) schemes and trustees of such 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 employers and trustees need to consider in relation to DC schemes:
The checklists cover key issues relating to:
- business continuity and the ongoing operation of the scheme
- DC investment issues
- data protection and cybersecurity
- pension scams and member communications, and
- scenario planning for future events.
If you have particular concerns about your scheme or sponsor please contact us.
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 CATALYST hub.