The existence of defined benefit schemes, potential deficits and associated deficit recovery contributions plans, has made this one of the most pressing areas of company financial viability in recent times. The economic downturn and recent recession have made this all the more critical. Even where full statutory funding is achieved, the need for a long-term funding target means the funding requirement may be extended.

The Pensions Regulator encourages Trustees facing financial decisions to take independent advice about their options, particularly to help understand the strength of the covenant the employer provides, how the covenant could be improved, or the impact on the covenant of significant actions undertaken by the employer.

ClashStreetCo offers review and advisory services in this arena to both Trustee boards and to Employers.

Our covenant reviews are of the highest quality and each one is bespoke to the individual circumstances.