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Perspectives

  • Posted in category:
    • Advisory
    Reading time: 2 minutes

    Whilst insurers are exposed to the same array of risks as DB schemes, we expect them to be better placed to deal with the recent market turmoil than most pension schemes. Here we explain why.

  • Posted in category:
    • Advisory
    Reading time: 1 minute

    Eyes are on investments and pension scheme liquidity, what does this mean from a covenant perspective? Here are four things trustees can be doing right now.

  • Posted in category:
    • Advisory
    Reading time: 2 minutes

    Pension risk transfer market: Entering unchartered territory. The UK pension risk transfer market is arriving at a unique juncture, driven by evolving supply and demand factors, regulatory change, and macroeconomic and capital market volatility. The impact on end game strategies could be far reaching.

  • Posted in category:
    • Advisory
    Reading time: 1 minute

    2022 began with the hope of reduced market uncertainty: COVID-19 has been on the decline, and a general pick-up in economic activity has been observed. In practice, the year is being shaped by macroeconomic and geopolitical headwinds, and against the prospect of stagflation over the horizon.

  • Posted in category:
    • Advisory
    Reading time: 1 minute

    Traditional covenant reviews involve in-depth analysis from a team of dedicated covenant professionals and are often out of reach of smaller schemes. Given the importance of covenant to member outcomes, and with an increased focus from The Pensions Regulator on covenant, we have developed Discover – making external covenant analysis more accessible.

  • Posted in category:
    • Advisory
    Reading time: 1 minute

    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

  • Posted in category:
    • Advisory
    Reading time: 2 minutes

    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.

  • Posted in category:
    • Sustainability
    Reading time: 1 minute

    ESG Perspectives: A 360° view of key ESG issues and opportunities for corporates in 2022. What does ESG really mean for corporates in 2022? We have teamed up with leading ESG advisors at Hogan Lovells, Georgeson and Kekst CNC to draw together our insights in a guide that provides a 360° response to this question, and to help clients respond holistically to the ESG issues and opportunities they currently face.

  • Posted in category:
    • Advisory
    Reading time: 2 minutes

    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.

  • Posted in category:
    • Advisory
    Reading time: 1 minute

    As schemes get better funded and more mature, the role of the covenant advisor, and how we all think about covenant, needs to change. It’s no longer about a simple rating, on a scale of weak to strong, it’s about the “so what”. To challenge your thinking on this topic, we have produced four short videos for you to watch.

  • Posted in category:
    • Investment
    • Sustainability
    Reading time: 4 minutes

    Our model of influence comprises of three key forms of influence, based on how direct an impact these actions have. We believe investors should maximise their influence to achieve real-world sustainability impact.