Just one in six schemes report long-term covenant damage

Holly Roach
clock • 3 min read

Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.

Despite this, the consultant's research - which questioned 129 defined benefit trustee and corporate representatives - revealed that, alongside the 16% who reported long-term covenant damage, 35% o...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Government should freeze state pension and consider phasing out public sector DB

Government should freeze state pension and consider phasing out public sector DB

IEA’s alternative budget sets out plans for simpler taxes and spending restraint

Jonathan Stapleton
clock 19 October 2026 • 2 min read
Private markets not a policy lever but an investment programme to be governed

Private markets not a policy lever but an investment programme to be governed

PMI chair Ruston Smith says we must ‘get the plumbing right’ to ensure good outcomes

Holly Roach
clock 19 October 2026 • 1 min read
AMNT: Caring for members is at the heart of everything we do

AMNT: Caring for members is at the heart of everything we do

Maggie Rodger says all trust-based schemes should include at least one-third member representation, regardless of size or structure

Maggie Rodger
clock 19 October 2026 • 4 min read
Trustpilot