Whilst there was some initial volatility, defined benefit (DB) pension scheme funding levels have held up pretty well over the last fifteen months of Covid-19 disruption to business.
The period also saw record numbers of profit warnings from UK companies and a major rethink by global CFOs about their capital allocation strategy, driving divestments to focus on core operations.
Approaching a storm
With the steady withdrawal of government support to stressed employers and the desire of business and private equity (PE) to utilise liquidity reserves built up during that time — we see a storm of activity approaching.
The Pension Scheme Act 2021 gives DB scheme trustees a more robust platform to engage with corporates during such transactional activity. In this webinar, held jointly with EY-Parthenon, you'll learn how these transactions will balance scheme and sponsor needs in these in uncertain times. This webinar also provides a timely update on other important DB pension topics.