PMI Crest
PMI
1 August 2022

PMI Academy Covenant Manual 2022

Read PMI Academy partner Penfida’s manual on employer covenant.

An assessment of the employer covenant measures the ability of the sponsor to meet its obligations to a scheme, both now and in the future.

Covenant assessment is a relative concept and therefore the strengths of the covenant must be considered in relation to the funding requirements and risk exposure of a scheme.

A robust understanding of the covenant supporting a scheme allows for more informed journey planning and funding decisions, and is a fundamental strand of an integrated risk management approach.

Download the manual below.

back to Reports and guides

Last update: 1 August 2022

Interim Pension Officer/Manager - In House 18m FTC

Salary: £50000 - £70000 pa

Location: Northamptonshire

Pensions Administrator - W. Yorkshire

Salary: £23000 - £29000 pa

Location: West Yorkshire

Pensions Administrator - Hampshire

Salary: £20000 - £30000 pa

Location: Hampshire

You may also like:

PMI Academy Partner: Penfida - Covenant case study: how an asset backed funding solution can help the scheme and the sponsor?
18 May 2022

PMI Academy Partner: Penfida - Covenant case study: how an asset backed funding solution can help the scheme and the sponsor?

Case study: Asset Solution, Schemes and Sponsors

Read more
How to protect the scheme’s interests in a financial restructuring?
04 November 2021

How to protect the scheme’s interests in a financial restructuring?

Read PMI Academy partner, Penfida’s case study on scheme.

Read more