Pension Schemes

We are very pleased to have supported the Trustees of the Coats UK Pension Scheme on its £1.3bn buy-in with Pension Insurance Corporation (PIC) which has been announced today.

Our advice helped the Trustees evaluate the financial strength and ESG implications of transacting with its selected insurer counterparty. Read more here.

Our view is that the Statement of Strategy is predominantly a risk filter tool for TPR, rather than a risk management tool for trustees. We are concerned that in some areas, the Statement of Strategy asks for more than trustees might otherwise consider, and in other areas, the information required falls short of best practice and we have concerns that trustees may believe they are adequately assessing covenant when all they are doing is providing TPR with data. Read our response to The Pensions Regulator’s consultation here.

Defined Benefit (DB) pension schemes remain a key stakeholder in corporate transactions. Nick Gibson, Senior Director at Cardano discusses three key takeaways to unlock value when considering M&A deals involving DB schemes.

Gillie Tomlinson, Head of Trustee Engagement at Cardano discusses Equality, Diversity and Inclusion in the pensions industry. Drawing on the latest findings from our EDI research with mallowstreet, Gillie looks at the initiatives and trends we are seeing. Read more here.

New mallowstreet research commissioned by Cardano, has revealed that an increasing majority of UK pension schemes and professional trustee (PT) firms are embracing Equality, Diversity and Inclusion (EDI) as a fundamental component of their business strategy.

For a pensions market that is all but closed to new members, defined benefit (DB) pension schemes and perhaps primarily the Government, are not resting on their laurels. In this outlook article, Kerrin Rosenberg outlines what the year has in store for UK DB pensions.

We are pleased to share the following insights from across our Group – Cardano UK (Advisory and Investment), Cardano NL, and NOW: Pensions – looking ahead to what’s in store for 2024.

This quarters Covenant Quarterly edition features articles on alternative de-risking, third-party ESG rating divergence, ‘Ask the Analyst’ which features what is upcoming in 2024, and an overview of the Autumn Statement 2023.

In this approaching endgame differently video series, we outline the different types of pension scheme risks and how Cardano can help you deliver the right risk solution. 

Cardano, the investment management and advisory business, reveals in a new report – New world, new decisions – that a majority (70%) of Chief Financial Officers (CFOs) are uncertain about the ultimate objective of their Defined Benefit (DB) pension schemes.