COVID-19 (coronavirus): what you need to consider
There are a whole range of issues that pension trustees, employers and their advisers are facing as a result of COVID-19 (coronavirus).
You should focus your activities on the key risks to pension savers:
- benefits need to be paid
- the risk of scams needs to be minimised
- employers need to continue contributing
- savers need support to make good decisions in these challenging circumstances
- some administrative breaches of the law may occur and we will maintain a proportionate and fair approach to any action we may take
We will continue to provide guidance in response to emerging challenges and impacts.
Employers
Automatic enrolment and DC pension contributions: guidance for employers
Guidance for employers about automatic enrolment duties and workplace pension contributions during the COVID-19 situation.
DB scheme funding: guidance for employers
Guidance on scheme funding for employers with defined benefit pensions to follow during the COVID-19 situation.
Trustees and public service schemes
Communicating to members during COVID-19
Guidance for people involved in communicating to scheme members about providing clear, relevant and timely information during COVID-19.
DB scheme funding and investment: guidance for trustees
Guidance on funding, investment and transfer values for trustees of defined benefit pension schemes to follow during the COVID-19 situation.
Scheme administration: guidance for trustees and public service
Guidance on working with administrators for trustees and people running public service schemes to follow during the COVID-19 situation.
Avoid pension scams
Guidance on how pension scams work, the warning signs and the steps people running schemes can take to help savers avoid being scammed.DC scheme management and investment: guidance for trustees
Guidance on managing investments and contributions for trustees of defined contribution schemes to follow during the COVID-19 situation.
TPR updates and views
COVID-19: an update on reporting duties and enforcement activity
An update on changes to reporting information to us and to enforcement activity during the COVID-19 situation.
COVID-19 has changed the world, not our focus on protecting savers
Blog on how we are continuing to protect pension savers during the COVID-19 situation.Update about TPR activities during COVID-19
Details about what changes we are making to the timing of regulatory activity, publications and events as a result of COVID-19.
Scheme members (savers)
COVID-19: savers - stay calm and don't rush financial decisions
Statement urging savers to keep calm and not rush into any decisions about their pension in response to the COVID-19 pandemic.
Scheme providers and administrators
Late payment reporting: information for providers
Information for pension scheme providers on reporting late payments to us during the COVID-19 situation.
PASA guidance for scheme administrators
Guidance on priorities and responding to the COVID-19 situation from PASA, a trade body for pension administrators.