DWP: Coronavirus Touchbase special – 1 September 2020

Roundup of recent DWP announcements

Taking action on climate risk: improving governance and reporting by occupational pension schemes

This week the consultation ‘Taking action on climate risk: improving governance and reporting by occupational pension schemes’ was launched.

The proposals in this consultation will ensure trustees are legally required to assess and report on the financial risks of climate change within their portfolios. The largest occupational pension schemes – those with £5bn or more in assets, and all authorised master trusts – will be required to produce and publish climate risk disclosures by the end of 2022. Schemes with £1bn in assets would then have to meet the same requirements in 2023.

We welcome trustees’ and all other stakeholders’ views on the consultation.

You can find further detail and the full consultation on GOV.UK.

New payment for people self-isolating in highest risk areas

People on low incomes who need to self-isolate and are unable to work from home in areas with high incidence of COVID-19 will benefit from a new payment scheme.

Find out more

Back to school safely

The Department for Education (DfE) has launched a campaign to help parents, carers and young people prepare for returning to school and college.

A number of materials are available for you to share through your channels.

How business employers can take action to prepare for new rules from 1 January 2021

While the Government continues to negotiate a free trade agreement with the European Union, there are actions businesses can take now to prepare for the end of the transition period.

The transition checker tool identifies specific steps to take to be ready on 1 January 2021.

Sign up to receive a regular Business Readiness Transition Bulletin with information on major announcements and recently published guidance.