TPR’s Updated Covenant Guidance – what are the key points for trustees and employers?

In episode 5 of season 5, our host Chris Brown is joined by Chris Flood, Managing Director at Interpath, who leads the employer covenant team across London and the South of England.

In this episode they discuss The Pension Regulator’s updated covenant guidance, described as the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code.

Key topics covered include the biggest changes to the previous regime, how to approach proportionality, what you can do to prepare, contingent assets and “look through” guarantees.