Covid-19 and key actions for sponsors of DB schemes
The outbreak of Covid-19 and the resulting demands for social distancing, self-isolation and economic impact of coronavirus requires businesses to think differently and to act now.
Our specialist Employer Consulting team can help you devise a well thought out and reasonable proposal to trustees for a reduction or suspension in deficit contributions (together with moving payment of running costs and levies to the scheme if appropriate).
We can help you to build a resilient business ready for the 'new normal' and to give assurance to all stakeholders, including trustees, regarding pension schemes and Covid-19.
In order to do this, however, a review of existing continuity measures will need to be evaluated to see if they can be improved or to determine if they are insufficient.
This note discusses some of the significant issues that employers with defined benefit (DB) pension schemes should be considering and actions that can be taken to support your business today.
Find out more by downloading the briefing note below.
Discover more in our briefing note
Read our guidelines to understand what sponsors of DB pension schemes must do now to support their businesses and scheme members.
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