Pension schemes have considerably stepped up their preparations for Brexit over the last year, despite the outcome still not being known, the Pensions and Lifetime Savings Association (PLSA) has found.
Nine in ten workplace pension fund trustee boards have discussed the potential impact of Brexit, up from 63% last year, while two-thirds have formally assessed Brexit risks, up from 26%. Another 55%...
Pension contributions and class one employer National Insurance (NI) contributions remain payable by employers making use of the government’s coronavirus job support scheme.
Chancellor Rishi Sunak has confirmed a salary top-up scheme designed to minimise job losses over the next six months will be introduced on 1November as tighter Covid-19 restrictions remain in place.
The Pensions and Lifetime Savings Association (PLSA) has published vote reporting templates to assist schemes in disclosing how they enact shareholder voting rights.
The November Budget will not go ahead due to the ongoing coronavirus crisis, according to reports.
If authorities really want to stop scams, they ought to make it safe for trustees to refuse a transfer that shows red flags, says Margaret Snowdon