The Pensions Regulator (TPR) published its Annual Funding Statement (AFS) setting its expectations of trustees and sponsors for the year ahead. Covenant remains a key focus as trustees are encouraged to focus on current challenges and longer-term risks. Emily Goodridge and Nigel Sillis summarise the key points here.
As schemes get better funded and more mature, the role of the covenant advisor, and how we all think about covenant, needs to change. It’s no longer about a simple rating, on a scale of weak to strong, it’s about the “so what”. To challenge your thinking on this topic, we have produced four short videos for you to watch.
Our model of influence comprises of three key forms of influence, based on how direct an impact these actions have. We believe investors should maximise their influence to achieve real-world sustainability impact.
Steven Berkovi, explains how having a portfolio that is genuinely diversified between growth-seeking and defensive investments will keep your pension scheme investments in the sweet spot.
There is now greater awareness of the important role counterparty risk, member experience and ESG play in the selection of a preferred insurer to transact with.
The significant increase in deal-making activity seen both in the UK and globally, coupled with the introduction of the Pension Schemes Act 2021 (PSA 2021) has meant trustees are increasingly having to manage the impact of fast-paced corporate events on the pension scheme.
