All sponsor covenant articles
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Podcast#13 Leaders in Investment podcast: Conversation with Morten Nilsson and Wyn Francis – CEO, CIO of Brightwell, UK
Morten Nilsson and Wyn Francis, Brightwell’s CEO and CIO, discuss the management of the BT Pension Scheme – the UK’s largest single employer pension scheme – including their investment strategies, ESG goals, relationships and adapting to industry changes.
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NewsUK regulator publishes defined benefit covenant guidance
The update is the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code
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NewsAhold Delhaize buys off sponsor guarantee for pension fund
The move is related to the fund’s planned transition to a DC arrangement in 2027
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NewsShell to pay at least €500m to Dutch pension fund upon switch to DC
The agreed compensation for the disappearance of the sponsor guarantee is several hundreds of millions of euros higher than previously foreseen by the company
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NewsLCP urges UK DB sponsors to prepare for challenging economic times
Covenants under scrutiny: LCP urges sponsors to be ‘proactive’ as corporate insolvencies look set to increase
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Opinion PiecesViewpoint: The frequency of infrequent events
Why covenant support remains at the heart of pension member security
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NewsTPR calls on trustees to reduce covenant reliance
UK pensions regulator points to the importance of assessing how current market events are shaping the employer covenant
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NewsLawyers back superfunds as strong ‘Plan B’ for DB plans
But legal experts split over best sequencing of action for schemes with insolvent sponsors
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News
Covenant group raises confidentiality concerns about climate reporting
ECPA, Redington also say it should be clear that divestment not an expectation
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News
Specialists advise dynamic monitoring approach to sponsor longevity
’Rounded forward-looking view’ important, according to Employer Covenant Practitioners Association paper
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NewsUK regulator urges trustees to prepare for sponsor distress
‘Trustees should know the signs of distress, and preparations can be made before these signs appear’
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NewsNearly two-thirds of listed DB sponsors have warned on profits this year
UK-listed DB sponsors are concentrated in industrial and consumer discretionary FTSE sectors
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TPR: Difficult COVID-19 decisions may call for ‘conflict management advice’
CEO of UK pensions regulator sets out how DB trustees can hold ‘first line of defence’ for members
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Opinion PiecesViewpoint: Considerations around consolidation vehicles
Much of the debate around consolidation vehicles thus far has focused on the comparison between the security provided by consolidators and that provided by a traditional insurance company.
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NewsTPR extends COVID-19 guidance in new annual funding statement
‘Vital that employers and trustees work together collaboratively’
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NewsConsultants call for TPR 'clarity', 'pragmatism' given virus impacts
Estimated £40bn increase in FTSE 350 scheme deficits so far in Q1
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COVID-19: Actions to consider in response to ‘ultimate stress test’
PLSA panellists discuss responses to coronavirus
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USS gets ball rolling on 2020 valuation
Scheme explains its thinking about potential changes to sponsoring employers
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NewsIndustry finds ‘devil in the detail’ in TPR’s DB funding code proposals
For now consultation ‘poses more questions to industry than it answers’
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USS ‘pushing regulator to the limit’ on risk, says CEO
£68.5bn scheme’s leaders say they have taken a position of ‘maximum flexibility’ in a bid to resolve a long-running dispute over contributions
