BN67 - Guidance on monitoring employer support: covenant, contingent assets and other security.

Briefing Note

The Pensions Regulator has recently issued a consultation document on guidance for trustees and managers of occupational defined benefit pension schemes. The guidance sets out the standard practice that the Regulator expects trustees to follow in assessing, monitoring and taking action on the employer covenant, and replaces the Contingent Assets guidance of May 2006.

This BBS briefing note summarises the proposed guidance.

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