Confidential Advice Line: 0800 063 9221

Covenant Assessment

The covenant assessment underpins the assumptions on which the technical provisions should be based recognising both the ability and willingness of the scheme employer to continue to support its pension scheme.

Guidance from the Pensions Regulator makes clear the sort of information the Trustees need to know and understand about the employer’s current and prospective financial strength, of its ability to meet ongoing financial contributions to the scheme and of the possible outcome for the scheme in the event of the scheme employer becoming insolvent.

Our team has a combined experience covering many decades of assessing all forms of businesses current and ongoing viability and the likely outcome for creditors in the event of insolvency.

We are therefore exceptionally well placed to assist Trustees in undertaking covenant assessments allowing them to focus on setting appropriate and prudent assumptions in complying with their scheme funding obligations.

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We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

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