Covenant solutions

Our specialist team provides trustees and sponsors with clear and targeted advice, to manage employer covenant risks and shape pensions strategy.

Benefits of our approach

Expertise in covenant and complimentary disciplines

Advisors to complex DB pension schemes and sponsors

A distinct style, bringing meaningful insights and value

An integrated approach across Isio and with other advisers

Extensive first-hand experience of the regulatory landscape

Dealing with employer covenant uncertainty

Covenant strength is variable. Trustees and sponsors need to be ready for changes caused by any number of fluctuations and risks – from market performance to corporate restructuring.

But the path to preparedness isn’t always straightforward. New legislation, regulatory guidance and the rapidly changing economic environment make managing these situations increasingly complex.

Our covenant solutions specialists give you the tools to navigate these challenging matters pragmatically. We consider risk proportionately and in the wider business context, building solutions that are tailored and appropriate for your specific covenant risks.

Flexible covenant solutions and services

Cut through unnecessary detail and delays with a proportionate approach to covenant analysis and value-added solutions.

Financial monitoring: Financial monitoring drives insight into your scheme’s employer covenant. We can tailor this to key metrics, with a dashboard and triggers to aid decision-making.
Sponsor prospects monitoring: A focus on key industry risks, market trends and ESG considerations to guide discussion and understanding.
Triennial assessments: We assess the strength of your scheme’s employer covenant by considering sponsor cash flows, business prospects and contingent support.
Bespoke solutions for corporate events: We provide tailored, directional advice to trustees navigating covenant change situations, such as transactions or refinancing.

Broad, in-depth covenant experience

Our team is built with a wealth of experience in financial analysis, insolvency, restructuring, UK pensions regulation, accounting, due diligence and audit – giving you the range of experience and advice you need.

In fact, we’ve advised and negotiated employer covenant issues on some of the largest and most complex transaction situations in the UK.

We work closely with colleagues across Isio to provide you with the full complement of integrated risk management advisory services, supporting you in harnessing your covenant opportunities, mitigating risks and meeting your regulatory requirements.