Update from TPR on extended measures to help pension schemes tackle COVID-19 challenges

Guidance designed to help pension scheme trustees and employers cope with the financial impact of COVID-19 has been updated today by The Pensions Regulator (TPR).

Among the updates is further guidance for trustees of defined benefit (DB) schemes facing employer requests to agree to suspend or reduce deficit repair contributions (DRCs). Trustees may agree these where it may be necessary to support employers navigating the challenges resulting from COVID-19.

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