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What's Happening in Pensions - Issue 82
Pension transfers in the time of coronavirus
Coronavirus - Pensions Regulator guidance
The Pensions Regulator has published several pieces of guidance for trustees, employers and administrators on coronavirus related issues. Our updated summaries of the guidance are published here.
Coronavirus Job Retention Scheme: automatic enrolment pensions contributions
The Coronavirus Job Retention Scheme (CJRS) is a government-funded scheme that provides a contribution towards wage costs for employers who stand staff down as a result of the COVID-19 crisis. Where, by reason of circumstances arising as a result of the coronavirus, the employer instructs an employee to cease all work in relation to their employment for 21 days or more, the employer can make them a "furloughed worker".