When the world gets uncertain: what does it mean for covenant reliability?

Recent geopolitical events have had wide ranging economic impacts, including for defined benefit pension schemes, with many trustees navigating a period of significant uncertainty about how much their employer covenant will be impacted.

However, at the same time they are being asked to reach increasingly firm views on key aspects of their covenant for the new DB funding regime, with the same sort of considerations also important for schemes considering running on and sharing surplus. So how can trustees decide how reliable their covenant is when so much is uncertain?

In this webinar LCP experts Helen Abbott, James Silber and Robin Alexander share their thoughts and recent experiences of advising both trustees and employers on covenant during this period of uncertainty.

Join us to hear about:

• How this period of geopolitical uncertainty is impacting the UK sponsors of defined benefit pension schemes
• How we’re supporting trustees to identify, monitor and manage key covenant risks
• Navigating the covenant assessment requirements of the new funding regime proportionately - including deciding on the covenant reliability period
• Considering the longer-term and endgame - important for schemes running on and potentially sharing surplus with their employer, and for schemes considering an insurance or consolidator transaction.