Assessing covenant reliability in an unpredictable world

Many have suggested covenant is now less important than what The Pension Regulator’s Defined Benefit (DB) Funding Code would imply. But in an increasingly volatile economic environment, it remains important for trustees to understand their covenant and the key drivers for employer health. Central to the Funding Code are the concepts of Covenant Reliability Period […]

SOS – Save Our Sponsor

A scheme sponsor in financial distress can shift a pension trustee’s world. In many instances an insolvency, or the threat of one, wouldn’t be on a trustee’s plan at all. There’s plenty to consider and action to be taken. Without the right skills and experience, a lot can potentially go wrong too. But there’s always […]

Trustee Talk: James Chalk talks covenant

Client director James Chalk joined Asset TV’s Sam Rossiter for their episode that centered on the subject of sponsor covenant. Looking at the recent recording, James commented: “As many schemes move towards their endgame or a run-on structure, there is a danger that sponsor covenant is forgotten about. In this edition of Trustee Talk I […]