Proportionate integrated covenant advice for pension scheme trustees and sponsoring employers

Following numerous high profile business failures, the Government and The Pensions Regulator (TPR) are making the biggest changes to defined benefit pension scheme funding since TPR was formed in 2005. Current economic uncertainties, TPR’s anticipated new funding code of practice and recent guidance make it more important than ever to obtain and monitor clear insight into the strength of the employer covenant.

Our approach is designed to integrate with key decisions on funding and investment strategy. This includes reflecting emerging requirements of the new funding code of practice and new regulator powers. We have significant insight from the wider XPS pension and investment advisory business and are able to independently apply those insights, working together with your existing actuarial and investment advisers.

Our Team

We have a team of dedicated covenant specialists, based in four locations, across the UK. We have delivered over 400 covenant reviews for trustee and corporate clients with scheme assets from £5m to £1bn.