Covid 19: Top tips for DC schemes

Covid-19 has caused significant disruption to economies worldwide, with policymakers, businesses and individuals dealing with a wide variety of challenges brought about by the rapidly evolving situation.

DC schemes face a number of tough questions on issues around administration, member communications, investment, governance and support on decumulation options. As trustees you may have already taken some immediate steps to deal with the current situation. 

This document is designed to support you both on additional near-term issues as well as in your longer-term thinking about what actions you need to take over the coming months.

Please note that although this guidance is primarily aimed at trustees, many of these steps will be pertinent to members of Independent Governance Committees (IGCs) and other governance bodies too.