The Pensions Regulator – guidance on protecting schemes from employer distress

With the COVID-19 pandemic continuing to have a profound economic impact on employers, new guidance has been issued by the Pensions Regulator (“tPR”) for trustees of defined benefit schemes on remaining alert, planning, and being prepared. It is also a reminder of tPR’s principles of good practice, particularly when seeking to future proof a pension scheme against a sponsoring employer’s distress.