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Pensions Week Feature: Evaluating an employer’s covenant and the need for external support

This week Simon Kew featured in Pensions Week magazine. Read the article on the need for employer covenant external support.

The industry has a pretty firm idea of what the Pensions Regulator (TPR) means by the term ‘covenant’ – the ability and willingness of an employer to make good its deficits. Where significant doubt remains, is around the assessment of covenant, and what should be paid for external support. (more…)

Category : Employer Covenant — Tags: , — admin @ 4:27 pm July 25, 2011

Top trustees voice concerns over funding deficits and employer covenant

Trustees’ top concerns are funding deficits and employer covenant, according to a new study.

The research, published by MetLife in the ‘UK Pension Risk Behaviour Index’, shows ‘funding deficits’ and ‘employer covenant’ overtaking issues such as ‘investment management style’ and ‘asset diversification’ in the concern stakes. (more…)

Category : Employer Covenant — Tags: , , — admin @ 5:01 pm July 5, 2011

Jackal’s Simon Kew comments on the Bonas settlement

A recent article in Pensions Management drew much attention to the Bonas case.

The Pensions Regulator (TPR) made the decision to settle the Bonas case by issuing a contribution notice (CN) of £60,000. This has been seen by many as a rather ‘Pyrrhic victory’ and described by one leading lawyer as “in particularly bad grace”. (more…)

Category : Employer Covenant — Tags: , , , — admin @ 4:54 pm July 1, 2011