Forward looking and innovative employer covenant support
It is critical for stakeholders of defined benefit pension schemes to understand the businesses that support them. This includes assessing the strength of the employer’s financial position and prospects as well as its legal obligation to fund the scheme’s benefits (known as the ‘employer covenant’) and understanding the impact of employer or scheme events on the scheme’s position. This is especially important in the current environment, with pensions legislation and guidance issued by the Pensions Regulator (“TPR”) constantly evolving.
How we can help
Our team harnesses the unparalleled breadth and depth of expertise from across Deloitte, giving us the ability to focus rapidly on the core business and market issues facing the employer, scale-up to assess a wider global group and its supply
We can access our colleagues’ knowledge or work with existing advisors to seamlessly link covenant assessment conclusions to valuation assumptions, analysing the impact of changes in covenant on investment strategy, and designing deficit financing solutions.
We are at the forefront of providing a proactive,
Our market leading dedicated team provides a tailored solution with integrated sector expertise, ensuring that our clients’ specific requirements are fully identified and addressed with the focus on developing a
We robustly support our client’s interests, while recognising the employer trustee relationship is
Restructuring and Transaction Support
We have considerable experience supporting lenders, employers and trustees in both restructuring/insolvency situations and non-distressed transactions. This includes advising on Regulated Apportionment Arrangements (RAAs), Flexible Apportionment Arrangements (FAAs) and potential risk from the Pensions Regulator’s ‘moral hazard’ powers.