Five stories you may have missed this week
This week's top stories include ten tips for mastering virtual trustee meetings, and Unbiased's calculation that five to ten years is a reasonable amount of time for a workplace pension to recover from the market shocks of the Covid-19 crisis.
1) Ten tips for mastering virtual trustee meetings
A rise in the use of virtual trustee meetings could prove challenging for those involved but there are ways to improve their effectiveness, Aon says.
2) Five to ten years ‘reasonable' for pension coronavirus recovery
Savers with less than a decade to go until retirement have a reasonable timeframe ahead for their pension to recover from the market instability caused by the Covid-19 crisis, according to Unbiased.
3) Government delays IR25 reforms until 2021
The government has postponed changed to IR35 tax rules until 2021 to relieve the pressure on businesses during the coronavirus crisis, just a week after the Budget confirmed they would go ahead.
4) USS reports itself to TPR following breach of funding measure amid market volatility
Universities Superannuation Scheme has reported itself to The Pensions Regulator after one of its key funding measures exceeded a specific threshold for five consecutive days following continued financial market volatility.
5) GMP Equalisation Working Group published rectification guidance
The reconciliation and rectification sub-committee of the Guaranteed Minimum Pensions Equalisation Working Group has published guidance on when to rectify for the effects of equalisation.
More on Industry
TPR must 'strike a balance' between tackling deficits and employer support
The Pensions Regulator (TPR) must “strike a balance between getting pension scheme deficits tackled swiftly and not pushing so hard as to jeopardise the long-term future of the employer”, according to Lane Clark & Peacock (LCP) senior partner Bob Scott....
PIRC urges executive pay restraint during coronavirus crisis
Pensions & Investment Research Consultants (PIRC) has urged companies to restrict executive pay in response to the coronavirus crisis.
Greater clarity needed on climate-related stress tests, says IFoA
The Institute and Faculty of Actuaries (IFoA) has welcomed climate-related stress tests, but revealed UK insurers need greater clarity around the framework.
Updated: The contingency plans activated by administrators during the coronavirus outbreak
In the face of the coronavirus outbreak, Holly Roach looks at the contingency plans activated by key pensions administrators to ensure business continuity.
Coronavirus Blog: Government to pay up to 80% of wages to stop job losses
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
