Pensions - Articles - DB Pensions Transactions in a Distressed Environment

 Keith Hinds, a Director of ECWG commented:“The Transactions in a distressed environment guidance has been developed by the ECWG to assist practitioners in evaluating the implication of a range of distressed situations for the covenant of the employer and the associated risks to the security of member benefits in defined benefit schemes.
 
 It considers the position of various stakeholders and the range of options available to sponsoring employers and Trustees when sponsor or scheme distress is evident and the nature and type of advice that members of the ECWG may be required to provide.”
 
 The guidance should be considered alongside the ECWG’s previous guidance Principles of covenant assessment for scheme valuations, which was published in April 2016 and Transactions in a non distressed environment published on 9 December 2016.

 Transactions in a Distressed Environment