This briefing was updated on 11 May 2020.
The COVID-19/Coronavirus outbreak has made many aspects of our lives more difficult but pension scheme members are relying on scheme administration and other trustee activities continuing as normal, so far as possible.
Here, we set out a checklist for pension scheme trustees of key matters they should be considering. There may of course be additional matters to be considered in specific scheme circumstances. Trustees should of course document all decisions.
The Pensions Regulator has issued, and continues to add to, a range of guidance notes for trustees, employers and administrators. These can be found on its COVID-19 microsite. We summarise them briefly here.
Our checklist below is broader but incorporates key messages from these.
Please see www.traverssmith.com for more on how we are helping our clients to respond, including a message from our leadership team about our business continuity arrangements.