HM Revenue and Customs has extended the deadline for the issue of final reconciliation data cuts due to the coronavirus outbreak.
In its latest bulletin, the tax agency said it had been planning to provide a timeline for the issue of final data cuts by the end of March but had pushed it back in order to reprioritise its work at the current time.
It noted it was still working on the issue but the work would take longer - adding it was now aiming to publish a final timeline by the end of April 2020.
Commenting on the bulletin, Hymans Robertson head of GMP equalisation Matt Davis said: "Right now the pensions industry is focusing on the core requirement of continuing to pay pensions despite the challenging circumstances.
"It is helpful to get this update from HMRC, and a month of postponement on GMP data is not a pressing concern for most schemes at present. As pension schemes test business continuity plans and get used to new ways of working, schemes will review the scheduling of ongoing projects and set new timescales based on their specific circumstances."
