Annual Employer Covenant Strength Review 2026/27

This service involves conducting an annual assessment of employer covenant strength for the Pension Scheme. The review will evaluate recent trading performance, financial position, and future business outlook using both publicly available information and supplementary management data provided by employers. Key employers in the SLC, CNL, and NNL Sections will be engaged through short management calls to validate current prospects and identify emerging risks. The Atkins Section will be assessed using publicly available information only. The service aims to provide comprehensive insight into the financial stability and reliability of scheme employers to support pension fund governance and risk management.