Covenant Reviews

Assessing the funding needs and investment risk of a pension scheme

Our team provides a range of covenant services and advice to trustees and sponsoring employers of schemes.

Our team provides a range of covenant services and advice to trustees and sponsoring employers of schemes.

Trustees and sponsoring employers face a significant challenge when managing their defined benefit schemes. Part of the management of the scheme will include a review of the covenant of the scheme to understand the future financial needs of the scheme and manage risks that are being taken.

We help those trustee boards and sponsoring employers undertake a full covenant review and in turn design and implement a plan to address any issues identified to ensure any shortfall can be eliminated as quickly as possible.

Our team will provide an initial review of the covenant and present this to the trustees, covering the key issues and recommended actions. Where required we can also provide a recovery plan to assist the trustees in negotiating with the employer.

Contact our specialists