What information does the guide contain?
In a defined benefit pension scheme one of the most important things for a trustee to understand is the strength of the employer covenant. The Scheme is a creditor of the employer and encouraged by The Pensions Regulator to examine their position in a similar way to a bank creditor.
This means understanding:
- Which employers have a legal responsibility to fund the scheme
- The financial strength of those employers
- The likely ability of the employers to continue to fund the scheme going forward
This guide was put together by Steve Carrodus – to find about more about Steve CLICK HERE