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ARTICLE · 13 JULY 2020

The Pensions Brief: June 2020

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During June, the Pensions Regulator (the "Regulator") updated various pieces of guidance that it had produced to help trustees and sponsoring employers deal with COVID-19.

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Issues affecting all schemes

Update to Pensions Regulator's COVID-19 guidance

During June, the Pensions Regulator (the "Regulator") updated various pieces of guidance that it had produced to help trustees and sponsoring employers deal with COVID-19.

Changes were made to the Regulator's guidance for sponsoring employers on automatic enrolment and DC pension contributions to reflect the fact that:

  • the Coronavirus Job Retention Scheme ("CJRS") will end on 31 October 2020, and that the proportion of an employee's salary that the employer will be able to claim under the CJRS will reduce to a maximum of 70% (or £2,187.50) in September 2020, and 60% (or £1,875) in October 2020;

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