The Pensions Regulator has issued updated covenant guidance, the first update to its original guidance on assessing and monitoring the employer covenant issued back in 2015. This version of the guidance supports the key concepts included in the DB Funding Code published back in the summer and provides helpful further context.
In this webinar we will share our thoughts and recent experiences of advising both trustees and employers on their first valuations in the new funding regime, including navigating some challenging situations.