Keeley Paddon: Exploring pension scheme contributions for furloughed staff

Four questions answered

Keeley Paddon: "If an employer thinks that they may not be able to make their pension contributions, they need to speak to the provider in the first instance."
Keeley Paddon: "If an employer thinks that they may not be able to make their pension contributions, they need to speak to the provider in the first instance."
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In these difficult and unusual times, we have been asked a number of questions from financial advisers regarding pension scheme contributions for furloughed staff, writes Keeley Paddon. Here, The SimplyBiz Group head of pensions technical summarises the key points around this area, and sets out responses to a few of the most frequently asked questions

Ultimately, employers may have three options when considering workers during challenging times for the business: Unpaid leave Redundancy Furlough With the first two options, the worker will...

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