From our brains to yours.

Cyber risk is emerging as a key employer covenant threat. Explore what the 2026 AFS means for trustees and how to assess sponsor exposure.

SORP 2026 marks a major shift in pension scheme financial reporting, with ambitious aims to improve clarity, transparency and consistency. Lauren Carlyle and Shaun Bailey outline what’s changed and early actions to help trustees prepare with confidence.

We explore recent trends in pensions covenant assessment, reflecting on the generally improved levels of scheme funding and the implications of the funding code

TPR has sharpened expectations for pension scheme administration, highlighting key risks around governance, data integrity and oversight that trustees must act on.

TPR's new Funding Code shows that covenant understanding is fundamental for schemes –regardless of funding position.

A guide to the approach of lenders and DB pension trustees in stressed multi-creditor refinancings and restructurings