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Introduction Trustees of occupational pension schemes should be preparing for a second raft of changes to their statements of investment principles (“SIPs”) and the introduction of implementation statements. They must also ensure that...
Introduction TPR’s annual funding statement (published on 30 April 2020) acknowledges that these are very challenging times for many businesses (see our Alert). Employers will be relieved to see an emphasis on trustees and employers...
Our Finance & investment briefing (PDF) takes a look at current issues of interest to pension scheme investors. In this briefing: Covid-19: practical issues relating to investments TPR Guidance on Investments Cayman Islands –...
Contents The Sackers Quarterly Briefing Q2 2020 highlights significant developments in pensions, covering key areas such as pensions reform, regulatory developments, new legislation and cases. Current legal agenda Some key dates Spotlight...
Introduction Unsurprisingly, a key focus of TPR’s annual funding statement (published on 30 April 2020) is the current pandemic. The statement stresses the need for trustees and employers to work together to manage the impact of...
Introduction On 29 April 2020, TPR published guidance on communicating to members during COVID-19. It is designed to help members avoid making hasty decisions during these uncertain times. Click here for a PDF of this alert. In this Alert...
The current global coronavirus pandemic is forcing trustees and their advisers to work remotely on a scale never seen before. All parties have had to rapidly adapt their processes in order to ensure the continuation of business as usual....
Update: As of June 2020, the Guidance has been updated to recognise that: from 1 July 2020, furloughed employees may work part-time and from 1 August 2020, employers will no longer be able to claim a grant for pension contributions. In...
The impact of COVID-19 is widespread and significant, presenting challenges for trustees and employers in relation to members’ benefits. There is clearly the potential for a spike in member complaints as a result of the current...
