Covenant in the context of the New Funding Code 2023 | Pensions Management Institute (PMI) | 1 February 2023 | Virtual
Venue
Virtual
Virtual
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| Event Date |
Thu Feb 2 UTC - Fri Feb 3 UTC (almost 2 years ago)
In your timezone (EST): Wed Feb 1 7:00pm - Thu Feb 2 7:00pm |
| Region | All |
Details
TPR’s Draft Funding Code has now been published, together with a consultation on the twin-track regulatory approach. There is lots of detail (with more guidance to come in 2023) on TPR’s expectations of trustees regarding assessment of covenant and how to factor covenant into journey planning. The new regime goes live from October 2023 so it is worth thinking about what it all means for your defined benefit pension schemes.
Whether your scheme is likely to be in Fast track or Bespoke, covenant remains the ultimate underpin for scheme risks and the requirement to assess covenant will be enshrined in legislation.
Emily Goodridge and Chris Heritage of Cardano Advisory will be exploring practical covenant considerations in the context of the Funding Code Consultation in this webinar.
Topics of discussion:
By attending this session you will learn:
• How should you be thinking about covenant at both the journey planning stage and each subsequent valuation in light of the requirements anticipated in the new Funding Code?
• What can you do to prepare now?
Who should attend:
• Pension Scheme Managers
• Trustees
• Administrators
• Policy advisers
• Consultants
• Lawyers
• Corporate IFAs
• Investment managers
• Actuaries
• Communication professionals
Speakers
2023 Speakers
Emily Goodridge
Cardano Advisory, Managing Director
Chris Heritage
Cardano Advisory, Director