Welcome clarity on furlough rules for pension trustees

Lay pension trustees can continue to carry out their roles whilst on furlough. Rishi Sunak has clarified this in the latest legal direction issues on Friday 22 May.

This is a useful clarification for trustees employed by a sponsoring employer of a pension scheme. Previously, although it seemed within the rules for many to continue their trustee role, there was no certainty. In particular, there was doubt where the individual was a director of a trustee company that forms part of the sponsor's corporate group, due to the restrictions on working for a company "connected" to the employer.

With billions being claimed through the scheme, this has been a live issue for a number of our clients, who will now welcome this confirmation.

More than £11bn claimed on govt's furlough scheme

https://www.ftadviser.com/your-industry/2020/05/19/more-than-11bn-claimed-on-govt-s-furlough-scheme/