Guidance to help pension trustees with the credit crunch
3 Nov 08
In the current economic climate, finance professionals face the challenges of running and funding businesses
Pension trustees of a final salary scheme arguably have greater pressures placed on them. The credit crunch raises additional concerns about pension schemes having sufficient funds to pay out all future liabilities to members. Pension trustees need to be able to assess whether the employer can support the scheme. They also need to consider if the employer is willing to support the scheme.
See Technical, The guide “Pension Trustees: Getting the balance right in evaluating the employer covenant” is available via www.icas.org.uk