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Coronavirus: Watchdog warns against DB to DC pension transfers

Date:: 29 April 2020

Savers looking to move from a defined benefit (DB) to a defined contribution (DC) pension during the Covid-19 crisis are to be warned against it in a letter from regulators.

Reduced hours for furloughed staff would aid recovery

Date:: 29 April 2020

Employers want more flexibility built into the Coronavirus Job Retention Scheme - including an extension until at least September and the ability for employees to work reduced hours.

Furlough: parental pay to be calculated on usual earnings

Date:: 28 April 2020

Furloughed workers taking parental or adoption leave will receive parental or adoption pay based on their usual earnings, not the lower rate they receive while on furlough.

Employers can now refer essential workers for coronavirus tests

Date:: 24 April 2020

Employers of essential workers in England who are self-isolating with symptoms of coronavirus can refer them for Covid-19 testing, meaning they can return to work if they test negative. Staff can also book tests directly.

UK employment at all-time high before lockdown

Date:: 22 April 2020

The UK employment rate reached a record high before social distancing and coronavirus lockdown measures forced the closure of the majority of workplaces.

70% of firms have furloughed staff

Date:: 22 April 2020

More than 70% of companies had furloughed some employees last week, days before HM Revenue & Customs' portal for the Coronavirus Job Retention Scheme went live.

Furlough: Confusion over whether formal consent needed

Date:: 21 April 2020

The government's Coronavirus Job Retention Scheme portal opened this morning (20 April), allowing businesses to claim support for furloughed employees to cover up to 80% of their salary.

Thousands apply for grants on furlough portal's first day

Date:: 21 April 2020

More than 140,000 employers applied for wage grants under the Coronavirus Job Retention Scheme within the first eight hours of the claims portal going live, despite reports of technical problems.

Coronavirus Job Retention Scheme portal opens

Date:: 20 April 2020

The government's Coronavirus Job Retention Scheme portal opened this morning (20 April), allowing businesses to claim support for furloughed employees to cover up to 80% of their salary.

Furlough extended to end of June

Date:: 17 April 2020

The Government's Coronavirus Job Retention Scheme has been extended one month to 30 June, the chancellor has announced.

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