Schemes managers tell trustees to get expert advice on covenants

clock •

Trustees should not carry out their own covenant assessments instead of paying external advisers for the service, managers believe.

An exclusive survey by Professional Pensions shows that 57pc of scheme managers believe trustees do not have the competence or resources to carry out the task. However 36pc of PP's panel of 100 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Cash

Cash

Multi-asset managers increase cash holdings over Grexit fears

Multi-asset managers are increasing their cash holdings amid fears of a Greek exit from the eurozone.

Hannah Brenton
clock 07 June 2012 •
Cash

'Actively managed' cashflows a top priority for schemes

Changing attitudes to cash management

Andrew Short
clock 14 July 2011 •
Cash

Feature: Cash makes a comeback

Laura Blows discovers how investors found cash a safe haven during the recent period of market volatility, and how this in turn affected the way cash is managed by investors

Laura Blows
clock 29 July 2010 •
Trustpilot