Employer covenant – Balance in the Bounce Back

Pensions managers and trustees are facing a difficult situation: although employer affordability is starting to benefit from lockdown restrictions easing, many employers have been left financially vulnerable and at risk of a second wave. Some have sought to defer pension contributions. This situation is difficult to balance with increasing pressure on trustees to act prudently from TPR’s new code of funding consultation and the Pension Schemes Bill. In this panel discussion, we will explore how a constructive employer-trustee relationship centred around information sharing and journey planning can be used to align a sponsor’s strategic needs with successful outcomes for members.