COVID-19 has spread rapidly across the globe, bringing with it devastating consequences for the communities that it has touched. As well as the very real human impact of the virus, many businesses have experienced severe difficulties, as a result of the economic downturn and issues with the global supply chain. Pension schemes face their own unique challenges in navigating through these difficult times, with the investment markets struggling, and the potential for staffing shortages forcing schemes to prioritise certain key tasks. One aspect that pension schemes must consider is the effect of COVID-19 on their contractual relationships with administrators and other third party outsourcers. Trustees also need to consider their obligations under the data protection legislation.

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