In this series of our bite-size videos, we consider how pension schemes and their stakeholders have been impacted by the rapid improvements in scheme funding resulting from the recent rise in gilt yields.
Is our employer covenant robust and sustainable enough? That’s a question trustees of defined benefit (DB) pension schemes in Ireland should be asking on a regular basis. While this question is always relevant to DB pension schemes, recent regulatory changes have guided trustees to look at it more closely going forward. Michael McElligott, Director, shares his thoughts.