Warning surge in corporate restructuring threatens covenants

clock

A surge in corporate restructuring caused by the recession has put employer covenants at risk, Punter Southall Transaction Services warns.

More businesses are expected to default over 2012 and businesses such as Premier Foods, TUI Travel, JJB, Logica and Punch Tavern have already restructured in the difficult climate, the consultancy ...

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 Defined Benefit

Unlocking DB pension scheme surplus – striking the right balance

Unlocking DB pension scheme surplus – striking the right balance

Morten Nilsson balancing member protection with flexibility and simplicity is crucial

Morten Nilsson
clock 22 April 2025 • 3 min read
Partner Insight: Understanding your current pension scheme surplus options

Partner Insight: Understanding your current pension scheme surplus options

Aon
clock 22 April 2025 • 1 min read
Partner Insight: Active Run-on

Partner Insight: Active Run-on

A New Endgame Strategy for Defined Benefit Schemes

Aon
clock 16 April 2025 • 2 min read
Trustpilot