The partnership will focus on the key considerations facing pension scheme trustees in the covenant space such as funding positions, the Pension Schemes Act, risk transfer, ESG, stressed schemes, restructuring, litigation and transactions.
The PMI will work alongside Cardano Advisory to deliver webinars, interviews, panel discussions, research and case studies designed to increase understanding of employer covenant and other relevant topics in the industry providing a big picture thinking approach.
The partnership will allow PMI members to access Cardano Advisory's insight, independent mindset and experience on covenant through its multiple distribution channels, including its monthly magazine ‘Pensions Aspects’, email newsletters, PMI TV Bitesize, thought provoking webinars and its dedicated Insight Partners web area.
The PMI’s Insight Partnerships are developed exclusively with organisations considered to be thought leaders and experts in the industry, to support innovation on significant issues and add value through the delivery of expert knowledge.
Gareth Tancred, CEO of the Pensions Management Institute, comments: "This exciting partnership will enable our members to access a range of high-quality guidance on the often complex issues related to covenant. We aim to provide our members access to education that encompasses the entire pensions industry and are thrilled to incorporate Cardano Advisory's covenant insight into our offering."
Matthew Harrison, Managing Director of Cardano Advisory, comments: "We're looking forward to sharing our knowledge and experience with PMI members and are delighted to become its covenant specialist. Covenant is critical in the management of pension schemes, with the potential to both enhance the value of investments and protect against sources of risk. In the current environment, it is essential that trustees maximise covenant support to ensure that members’ benefits are protected. Through working with the PMI, we hope to ensure covenant plays an important part in long term journey planning."
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