A corporate transaction can have a material impact on the employer covenant, future funding plans and risks faced by a pension scheme. To help trustees navigate such events, we have produced three short videos for you to watch

Deal-making set to continue despite headwind. Macroeconomic headwinds, compounded by the invasion of Ukraine by Russia, have led to more caution in the M&A market, both in the UK and globally.

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.

Covenant Rating Scale: Our ground breaking 9-point rating scale gives you even better guidance both on covenant today and how it may change over time.

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.

Pension Schemes Act 2021 (PSA21) has returned insolvency analysis to the forefront of many trustee agendas.

The dawning of a New Year provides us with the chance to reflect on what we’ve experienced in the year just gone and what challenges and exciting opportunities lie ahead.

In 2016 the pan-European insurance regulatory regime, commonly known as Solvency II, came into effect. In our latest End-state Market Update, we explore the key trends that have shaped the bulk annuity market since the introduction of Solvency II; and the implications that these trends could have on the protection provided by insurers to member benefits.

Climate change, and the world’s response to it, is expected to have a fundamental impact on sponsors across the globe. However, despite the eminent risks, the impact on the employer covenant is often not something that trustees are considering in detail.

The PensionSketch tool was developed following our award-winning PensionSim scenario simulator for DB pension schemes. PensionSketch allows trustees and sponsors to plan long-term in regards to their journey planning or assess their risk.

We have worked with leading academics to develop MACCI, a ‘first of its kind’ scenario-focused approach which breaks down the complexity of climate change to help trustees model covenant risk.