Navigating corporate events from a trustee point of view

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:

  • The first will cover the key things you should consider;
  • The second touches on mitigation options that might be available for a scheme;
  • The third considers the possible points of leverage that trustees may have.

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The key considerations

When assessing corporate events, there are clearly a number of considerations for trustees to think about.

 

Based on our involvement in numerous transactions over the years, we believe the key areas that trustees need to have an understanding of, are often similar for most corporate events.

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Mitigation options

A transaction may not only drive a need to mitigate detriment to a covenant, but it can also provide a helpful platform to address a changing risk profile faced by a scheme over its life.

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Points of leverage

Identifying the points of leverage trustees may have in relation to a corporate event is key in our view.