Employer Covenant Checks
How do you manage employer risks in your LGPS fund?
The effects of grant reductions and spending cuts have had a huge impact on public sector bodies, charities and admitted bodies. Increasingly, we are seeing such organisations going into administration to meet their pension liabilities.
LPP offers a service that helps you effectively manage these risks to your fund. Our experienced staff have carried out annual employer covenant checks for over 680 fund employers.
We have also developed sector-specific covenant checks for Social Housing Associations, Charities, Schools, Academies, and Universities. These are designed to ensure that all risks in the specific sector are highlighted and can be addressed accordingly. All covenant checks are reviewed and updated annually.