Covenant is 20
Past lessons. Present and future considerations.
It has been 20 years since the Pensions Act 2004 planted the seed of employer covenant. High profile corporate insolvencies, where members have suffered a shortfall, have driven many of the major regulatory changes over the years.
Our industry has evolved considerably over that time but have the basics really changed?
Learning from the past helps us focus on what really matters now and how best to adapt to the new regulatory regime and the ever-increasing use of technology.