All Penfida articles
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FeaturesNew covenant support deal for Clarks as trustees approve CVA
New covenant support deal for Clarks as trustees approve CVA The shoe retailer has entered into a company voluntary arrangement as part of a package aimed at maintaining its obligations to the C&J Clark Pension FundEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * ...
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OpinionRefinancing pension debt – an underutilised option?
In a market crying out for high-quality corporate debt it is surprising that more corporates are not seizing the opportunity to refinance pension debt with more conventional financial debt.
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Features
Do UK DB schemes have a covenant problem?
Analysis: Sponsor covenant and failed defined benefit promises are in the headlines again with the collapse of outsourcing giant Carillion. Could the liquidation be indicative of a wider national inability to pay pensions, and how should trustees react to a deterioration in their covenant?
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FeaturesCovenant lessons from the Greek crisis
Any Other Business: Alexis Tsipras was forced to yield to an aggressive economic supervision programme by eurozone leaders on Monday and agreed to hand over €50bn (£36bn) of Greek assets for privatisation, bank recapitalisation and debt repayment.