Posted in General News and Newsletters
Workers Pension Trust recognises the devastating impact the spread of Covid-19 is having primarily on the health of the population but also on the economy.
With our own business continuity plan now rolled out, many of our staff are working from home whilst a minimal crew manage the office. We are asking employers and members to contact us by email info@workerspensiontrust.co.uk where possible and we will get back to you either by email or phone. Please keep in contact, we're here to help.
This is an uncertain time for both employers and employees. The government has said it will “do whatever it takes” to support businesses through the crisis and this has led to some speculation that there could be a short-term change in auto-enrolment policy through the suspension of minimum employer contributions in order to relieve financial pressure. The Pensions Regulator however has said it expects all firms to conform to their pension obligations.
For now, our understanding is that employers are required to continue to meet their minimum contribution obligations. We will keep you up to date should this situation change.