Commenting on HMRC’s Countdown Bulletin 52 on ‘Timeline for final data cuts’ of 1 April 2020, Matt Davis Head of GMP Equalisation at Hymans Robertson said:

“Right now the pensions industry is focusing on the core requirement of continuing to pay pensions despite the challenging circumstances.  It is helpful to get this update from HMRC, and a month of postponement on GMP data is not a pressing concern for most schemes at present.  As pension schemes test business continuity plans and get used to new ways of working, schemes will review the scheduling of ongoing projects and set new timescales based on their specific circumstances.”