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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 the coming weeks and months as we get a better idea of the extent of the crisis, its possible impacts and the package of measures that governments and other organisations intend to adopt.

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.

Guidance for DB scheme trustees whose sponsoring employers are in corporate distress

Guidance for trustees of defined benefit schemes with distressed employers 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)

How will COVID-19 affect my pension or investments?

Guidance from the Pensions Advisory Service on the impacts of the COVID-19 situation on savers' pensions.

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.