XPS Live | Implications of the updated covenant guidance: Factoring covenant into your strategic journey
XPS Live | Implications of the updated covenant guidance: Factoring covenant into your strategic journey
11 February | Tuesday | 3pm - 4pm
With the publication of the updated covenant guidance on Wednesday, December 4, The Pensions Regulator has completed the final piece of the puzzle, following the implementation of the funding and investment strategy regulations and the DB funding code.
For some schemes it may require a fundamental change to their approach to covenant and risk assessment. However, the changes will impact all schemes, particularly in relation to evidence and documentation.
Irrespective of the date of your next valuation, covenant assessment will be a vital part of setting your scheme’s strategy under the new rules and any implications should be considered early.
In this webinar, a panel of XPS covenant and industry experts will:
- Summarise the key covenant aspects of the new code and highlight what the new guidance will mean for trustees and employers of all types of schemes.
- Explore in more detail the areas that will require greater judgement such as contingent assets and supportable risk.
- Provide insight, case studies and practical guidance on how the covenant assessment can be factored into the strategic path for different types of schemes.