COVID-19 is creating issues for everyone involved in pensions. From pension scheme administration, scheme governance and decision making to employer funding, sponsor covenant and scheme investments, trustees are facing challenges across a range of areas.
In the midst of this challenging and turbulent time, pension scheme trustees are expected to do their best to ensure critical functions are carried out and to work with scheme sponsors as they deal with incredible pressures on their businesses. With so much news, new guidance and scheme-specific developments to contend with, it could seem overwhelming.
We have put together a comprehensive guide for trustees dealing with the challenges of COVID-19 and DB pensions to give trustees the full picture and help them make informed and effective decisions in the compressed timescales available.
With full coverage and a key action checklist, this guide will be an essential resource to keep trustees up to date and provide a governance framework that can be filled in and filed as part of keeping records of trustee actions when dealing with COVID-19.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.