Pensions: Have auto-enrolment duties/contributions been suspended?

No. The Department for Work and Pensions (DWP) has confirmed that employer duties and (including the payment of pension contributions required under automatic enrolment) will not be suspended during the corona virus crisis, although it plans to keep the situation under review as the crisis develops. This means that employers should continue to pay their …

PENSIONS & AUTO ENROLMENT – what is the current position? (Click on highlighted links below for Pensions Regulator information)

AE duties continue to apply as normal, including re-enrolment and re-declaration duties. AE duties apply to staff furloughed as part of the Corona virus Job Retention Scheme as well as those still working. Postponement can be used to postpone the duty to assess new or newly eligible staff. This effectively defers the need to make pension contributions for up to …

COVID-19 Business Resumption Working Capital Planning

Having carried out the above base line analysis (i.e. continue to prepare weekly cash flows; assume a baseline of things continuing as they are now; work out if your existing cash resources will be enough to sustain the business for the coming months after accessing the government support initiatives of the job retention scheme, the …

COVID-19 Exit Strategy: Business Resumption Planning

We would emphasise the importance of preparing your business for exit now. Ensure you devise a plan/ strategy for resumption of “normal” business activities. This plan will likely include a number of assumptions and different scenarios depending on how the government exit strategy is rolled out of the coming days and weeks. What does seem …

What is the position on my Employers Liability Insurance?

The comments below are guidance and support to prompt you to think about the areas covered and points made. You should contact your insurer or Broker for advice before making any decisions about your own circumstances. There are other considerations that businesses might want to think about where they have employees working at home – …

What if my premises or office is unoccupied? Am I covered?

The comments below are guidance and support to prompt you to think about the areas covered and points made. You should contact your insurer or Broker for advice before making any decisions about your own circumstances. Every policyholder should, in my view, formally advise their insurer or Broker where they have either suspended trading and/or …

What about my premises or office insurance?

The comments below are guidance and support to prompt you to think about the areas covered and points made. You should contact your insurer or Broker for advice before making any decisions about your own circumstances. The vast majority of standard SME insurance policies that provide cover for Business Interruption (Consequential Loss of Profits) will …