Covenant reporting, monitoring and advice
Employer covenant is the strength of the business supporting a pension fund. It is defined by The Pensions Regulator as ‘the extent of the employer’s legal obligation and financial ability to support the scheme now and in the future’. It is the ultimate support for the funding and investment risks faced by a pension scheme. Understanding the quality of this support and the risks associated with it is fundamental to fully integrated risk management. It’s at the heart of what we do.