The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
The session will provide the context and background of the existing funding requirements of DB pension schemes, the interaction of dividend payments with these requirements and consideration of other forms of covenant leakage which could impact the funding arrangements of a DB pension scheme. To include case studies and include interactive discussion of example scenarios to bring the consideration to life.
Jacqui Woodward, Punter Southall Pension Solutions
Jacqui Woodward is a qualified actuary who has specialised in employer covenant related projects since 2006 following a brief spell advising on international pensions issues for a global consultancy in New York. Jacqui has provided employer covenant support to trustees and sponsors in a wide range of circumstances including distressed situations and corporate restructurings with a focus on providing pragmatic advice whilst maintaining a collaborative relationship between all parties. Jacqui is currently Covenant Lead at Punter Southall Pension Solutions and has most recently been focusing on building the covenant support structures for a new pension product to be launched in October 2020.
Jane Ralph, Barnett Waddingham
Jane Ralph is a qualified actuary who specialises in advising to pension scheme sponsors. Her role at Barnett Waddingham includes, amongst other areas, engaging sponsors on funding matters, navigating the DB pension journey, considering contingent solutions, member engagement and managing pension risk. Jane has nearly 30 years’ experience advising on pension related matters across a broad range of areas. In that time her clients have covered the full spectrum from listed global multinationals to small family owned businesses both from a sponsor and, historically, a trustee perspective. Jane’s awareness of the considerations trustees face and how they (or their advisers) are likely to approach any given scenario enables her to best advise sponsors who are typically more versed in the business considerations than pension regulation or guidance. Jane is chair of the Institute and Faculty Working Party Pensions Scheme Funding and employer dividends.
This webinar will be streamed from 12.30-14.00. There will be time at the end of the session for Q&A.