Pensions Advisory
It is critical for stakeholders of defined benefit pension schemes to understand the businesses that support them.
Our truly independent, market leading team provides a tailored solution with integrated sector expertise, ensuring that our clients’ specific requirements are fully identified and addressed with the focus on developing a cost-efficient approach. We are at the forefront of providing a proactive, forward looking approach to managing employer covenant risk.
We robustly support our client’s interests, while recognising the employer‑trustee relationship is on‑going and long term, benefiting from a pragmatic, consensual approach.
Latest Financial Advisory Insights
Teneo Insights Series UK: What is Ahead for the Consumer in 2023?
The UK narrowly avoided recession in 2022, and the most recent forecasts for 2023 suggest a shallower recession than was anticipated last November. Although inflation is forecast to fall, the UK economy still faces a number of challenges, including rising interest rates, wage pressures driven by inflation and a tight… Read More
2023 UK Economic and Consumer Outlook
The UK narrowly avoided recession in 2022, and the most recent forecasts suggest low/stagnant growth, with the UK ultimately avoiding a technical recession that appeared inevitable in November when the country was still reeling from the impact of the previous Government's "mini budget." While inflation is forecast to fall, we… Read More
UK Independent Hospitals: The Next Challenge
The UK private healthcare market has seen a rebound in 2021 and 2022 post-Covid-19, driven in part by a surge in self-pay patients. A record number of people are opting to pay for their treatment privately to avoid long wait times in the NHS and access the quality and expertise… Read MoreHow We Support You
Our Services
Employer Covenant Assessment
We help navigate the employer covenant process by providing clear, independent advice to assess the strength of the support provided to the DB scheme now and in the future.
Affordability Evaluation and Recovery Plan Negotiation
Trustees of schemes in deficit typically ask us to evaluate the affordability of deficit contributions when assessing covenant.
However, in cases where the trustees already have a good understanding of covenant, we are sometimes asked to evaluate affordability in isolation.
Corporate Transaction Support
The Pensions Regulator requires relevant stakeholders to understand the full effect of any corporate transaction on the employer covenant.
We have significant experience in this area and can support clients throughout the transaction.
PPF Guarantee Analysis
We use our extensive and unrivalled knowledge of the PPF’s certification requirements and processes to help trustees and corporates navigate the changing requirements.
Restructuring Support
We have widespread knowledge and experience in the scheme funding regime and provide expert services in employer covenant, restructuring and insolvency situations.
This awareness and understanding means that we are often called upon to represent our clients to robustly support them in negotiations.
Skilled Person/Expert Witness
We are leading specialists on the scheme funding regime and provide expert services in employer covenant, restructuring and insolvency situations.
Covenant Monitoring & IRM
We work with trustees to develop/complete bespoke monitoring frameworks to simplify and improve the effectiveness of employer covenant monitoring, supporting an integrated risk management approach.
