Sackers comments on how schemes can assess employer covenant strength
Vicky Carr, partner and head of Sackers’ contingent asset and alternative funding solutions practice, comments on the steps schemes can take to assess employer covenant strength:
“Trustees can remind employers that they have a statutory obligation to disclose on request to the trustees ‘such information as is reasonably required for the performance of the duties of trustees or managers or professional advisers’,”
Adding, “If that does not do the trick, trustees could seek to involve TPR, which has information gathering powers – the DB white paper stated that those powers will be strengthened,”.
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