As schemes become better funded, covenants seem to be in a better position but the relationship with the employer remains a challenge.
Pension funds are slipping down agendas in terms of priority; economic uncertainty is putting sponsoring employers under strain and corporate activity is increasing.
Sponsors are also coming to the table with their own agenda based on increasingly divergent advice and assumptions.
In this situation, chairs need to make sure that they are being heard so that member interests are not forgotten, and this meeting will be an opportunity to share strategies to help ensure that happens.

Senior Partner
XPS Covenant, incorporating Penfida

Senior Managing Director
WTW
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