Pensions

New and updated

• Do employers have to pay pension contributions for furloughed employees?

  Type:

  FAQs

• Workplace pensions

  Type:

  Employment law manual

  Updated to reflect that the FCA has published its policy statement on pension transfer advice.

• Eight steps to consider when changing your DC pension

  Date:

  12 May 2020

  Type:

  Commentary and analysis

  Changing the defined contribution (DC) pension scheme might be something organisations are considering in the context of furlough or simply in the course of your ordinary business. Done well, change exercises can be a great opportunity to educate and engage employees about pension benefits. Helen Rowan identifies eight practical steps that HR teams should consider to make the pension change a success.

• Furlough: What counts as pensionable salary?

  Date:

  12 May 2020

  Type:

  Commentary and analysis

  With almost a quarter of roles in the UK now accessing the Government's furlough scheme, many employers have raised questions around salary sacrifice and pensions contributions. Rachel Meadows outlines the additional costs and risks organisations could face.

• Coronavirus: Watchdog warns against DB to DC pension transfers

  Date:

  29 April 2020

  Type:

  News

  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.

• Pensions auto-enrolment

  Type:

  Employment law manual

  Updated to include references to the Pensions Regulator's guidance on coronavirus (COVID-19) and auto-enrolment duties, and its approach to regulatory action for failure to consult in certain circumstances.

• Occupational pensions and employment law

  Type:

  Employment law manual

  Updated to include a reference to the Pensions Regulator's approach to regulatory action for failure to consult about decreased pension contributions for staff furloughed under the Coronavirus Job Retention Scheme.

• Informing and consulting on pension scheme changes

  Type:

  Employment law manual

  Updated to include a reference to the Pensions Regulator's approach to regulatory action for failure to consult about decreased pension contributions for staff furloughed under the Coronavirus Job Retention Scheme.

• State pension

  Type:

  Statutory rates

  Updated to reflect the state pension entitlement in force from 6 April 2020.

• State pension

  Type:

  Employment law manual

  Updated to reflect the increases in rates for the single-tier pension and basic state pension, effective from 6 April 2020.