Covenant and the new Funding Code
Webinar by Cardano
The long wait is nearly over – but are you actually ready?
The Pension Regulator’s revised Defined Benefit Funding Code of Practice is due to be published this summer, applicable for schemes with valuations from September 2024. Updated covenant guidance will also be published, setting out how TPR expects trustees to assess the information to be provided (by law) in the new Statement of Strategy. Do you know how to calculate your period of covenant reliability, or your covenant longevity? Or why these metrics now matter so much?
Understanding the Funding Code will be key to setting the right strategy for your scheme and complying with the updated Funding and Investment Strategy Regulations published earlier this year.
Hear from Cardano’s Emily Goodridge, Chris Heritage and Cal Bellairs-Taylor on the latest developments, and the practical steps to take now to prepare.
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Fees
free for members and non-members -
3
speakers -
1 hour
of CPD -
Online
BrightTALK
Event Details
THE BASICS
- Latest developments
- Steps to prepare
- Pension Scheme Managers
- Trustees
- Administrators
- Policy advisers
- Consultants
- Lawyers
- Corporate IFAs
- Investment managers
- Actuaries
- Communication professionals
Emily has over a decade of experience advising on employer covenant and related matters and has wide ranging experience of covenant issues including corporate transactions, restructuring, scheme mergers, apportionments, asset-backed contributions, long term funding arrangements, integrated risk management and PPF certification.
Emily is a qualified Chartered Accountant (ICAEW) with a background in audit, corporate finance, and restructuring. Emily is Head of Covenant Assessment, leading our covenant assessment and monitoring offering and has been responsible for evolving our methodology and reporting so that we remain market leaders in this field.
Chris is responsible for coordinating Cardano Advisory’s regulatory engagement, having supported TPR directly through the provision of expert covenant advice ahead of potential enforcement action on a number of separate occasions and having spent much of 2021 on secondment to TPR, where he was employed as a Specialist within the Events Engagement team and input into the drafting of the new covenant guidance to support the new Funding Code.
Chris is a qualified Chartered Accountant (ICAS) and has worked within the covenant advisory industry since 2014 and at Cardano Advisory since 2016.
Cal is a qualified Chartered Accountant (ICAEW) with a background in audit and corporate finance, having worked at Cardano Advisory since 2022.
Cal is part of the Covenant team and has experience advising clients on employer covenant and related matters, and also supports with Cardano Advisory’s regulatory engagement.
