Covenant & IRM Solutions

Covenant & IRM Solutions

Covenant advisory solutions

We have a wealth of experience and expertise of designing covenant enhancements and mitigation solutions which address the IRM impact of:

✓ Corporate transactions: M&A, restructuring, refinancing and distress
✓ Scheme restructuring: mergers, sectionalisation and apportionments
✓ De-risking: contingent assets, contingent funding, risk transfers and insurance

We also provide covenant monitoring reports where trustees wish to keep abreast of and obtain independent perspective on employer disclosures, industry developments and equity and credit market support.

IRM risk consulting

We design bespoke IRM modelling and risk reporting formats to reflect in detail the financial support provided to DB schemes by employers. This can be used by corporate finance and treasury teams to monitor the risk and cost posed by their DB schemes informing corporate risk managers, allowing investigation of competing uses of capital, and providing DB pension risk measures for viability statements.