Managing company pension costs in the coronavirus crisis
(WorldNews Business)

Philip Woolham, Senior Associate, Bevan Brittan LLP The coronavirus pandemic is having significant effects on companies across sectors as whole swathes of the economy are effectively shut down and cash flows are heavily disrupted. Many companies need to find ways to manage their cost bases during these highly uncertain times. So what leeway is there to manage down the costs of pension scheme contributions? The good news is that there are possibilities open to employers. For example, many companies may be taking advantage of the Coronavirus Job Retention Scheme (CJRS) where the government will pay 80% of the salaries of staff up...