Covenant Quarterly Q3 2024
Five key general takeaways of the DB Funding Code
The Defined Benefit (DB) Funding Code was finally laid in Parliament on 29 July 2024, providing the industry with helpful visibility over its contents ahead of 22 September 2024 – the date after which valuations will need to abide by the new Funding and Investment Strategy Regulations (the “Regulations”). We have set out five key general takeaways of the Funding Code below.
1. An understanding of covenant remains absolutely vital regardless of funding levels
2. Covenant approach updated with some new concepts
3. Long-term planning is the name of the game
4. Valuations will follow the twin-track approach as expected
5. “Documentation, Documentation, Documentation”
Read the full article here to find out more.
Read the full Covenant Quarterly Q3 2024
