On 27 March 2020, the Pensions Regulator (“tPR”) issued further guidance in response to the ongoing Covid-19 outbreak. The guidance is prominently sign-posted on tPR’s website and includes:
• guidance for trustees on defined benefit (“DB”) scheme funding and investment;
• guidance for employers in relation to DB scheme funding;
• guidance for DB scheme trustees whose sponsoring employers are in corporate distress; and
• guidance relating to defined contribution investment.