NEWS   |    April 16, 2021

Associate Danyal Enver comments in The Legal Diary re law firms supporting clients during COVID-19

The special report of the week in The Legal Diary covers how law firms over the course of the pandemic have supported their clients.

Danyal Enver commented:

“Some employer clients needed to protect their own financial security and several considered lowering employer pension scheme contributions,”

“We provided urgent and pragmatic advice on what temporary action they could take to swiftly lower contributions, and what to communicate to employees. We fully expect those contribution rates to rise again as the market stabilises post-pandemic.”

“During the pandemic, trustee clients had difficulties in lockdown as many necessary scheme changes required deeds to be executed and witnessed in person. We took a pragmatic approach to help. For example, pre-pandemic we would have advised against family members witnessing signatures, but due to the challenges presented by the pandemic we had to revisit the law and decide what our clients feasibly could do in their households while still complying with the legislation.”

Read Danyal’s comments in The Legal Diary.

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

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