Our Services

Triennial Valuations

• Affordability reviews
• Group review
• High level insolvency review or priority review
• Market analysis
• Integrated risk and contingency planning
• Ability to underwrite contingent risks

We will produce a report with clear recommendations including the use of contingent assets and the potential for Regulatory intervention.

Corporate Transactions and Scheme Events

• Assessment of the impact on Covenant
• Materiality of transaction
• Relevance of mitigation and options
• Scheme mergers
• Flexible and scheme apportionment arrangements including the funding test
• Advice on Clearance where this is sought

Monitoring and Negotiation Support

• Appropriate monitoring framework, with a frequency relevant to the risk environment. We can provide reporting by exception as required
• Annual certification of material variance – a cost effective means of covenant monitoring for smaller schemes
• Negotiation support usually follows a formal report, however subject to appropriate information, we are happy to provide a consultancy service followed by a confirmatory letter of opinion if preferred
• Scheme business plans

Regulatory Matters

• Regulated apportionment arrangements and other Scheme compromises
• Options analysis for Corporates
• Regulatory reviews to provide a high level assessment of the probability of Regulatory intervention

PPF Certification

• Recommendation as to Trustees' ability to provide annual certification
• Analysis of alternative options
• Certification of asset back contributions
• Advice regarding PPF challenges to certifications

Contingent Asset and Asset Backed Contributions

• Options to augment the covenant
• “Unpacking” the structure
• Assessing the impact on covenant
• Correlated risks

Counterparty Risk Assessments

• Buy-out, Buy-in, Longevity Swaps
• Standard and Bespoke options