Trustees warned not to 'push covenant under the rug'

Warnings from industry professionals not to underestimate the materiality of covenant risk

Hope William-Smith
clock • 2 min read
Trustees warned not to 'push covenant under the rug'

Trustees have been warned not to let constant covenant monitoring slip down board agendas unless their scheme is faced with a sudden negative change of situation.

Speaking on a panel today (26 May) at the Pensions and Lifetime Savings Association's (PLSA) investment conference in Edinburgh, Citi UK Pension Plans chair Colin Stewart recalled his own "bitter e...

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