A recent survey published by Lane Clark & Peacock revealed that one in three trustee respondents thought they could not rely on their sponsoring employer’s survival for more than five years. Are they right to have such limited confidence in their sponsor? If so, maybe they ought to revisit the tools available to improve the employer covenant support provided to their scheme.
Traditionally it was difficult for trustees to get a seat at the table to negotiate additional covenant support for their scheme. However, lessons were learnt and whilst several high-profile insolv...
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