Our services

Lincoln International offers a full range of pensions advisory services from employer covenant reviews and monitoring to advice on corporate transactions.  We advise in areas including:

Covenant & SSF

• Employer covenant analysis – our analysis is tailored to the specific needs of each client
• Covenant monitoring – alerts trustees to any change in employer covenant and guidance on how / if to act
• Recovery plans – structure deficit recovery plans and design appropriate contingent assets
• Affordability reviews – advice on the level of contribution an employer can reasonably afford in line with TPR guidance
• Negotiations – advice for trustees or companies on positioning for funding discussions

Events

• Clearance applications – advice and support for companies around Type A events and TPR Clearance applications
• Material detriment test – advice on whether events are materially detrimental to members and for support in trustees’ and companies’ decision-making
• Counterparty risk – assessment of insurers and other organisations upon which trustees and companies might rely

Other

• Innovative solutions – design bespoke funding and de-risking solutions utilising the latest market developments
• Business case reviews – review of the business rationale of proposals such as scheme closure
• Expert witness services – in the context of pensions disputes

Responsive to changing market conditions, Lincoln International has extensive experience advising both sponsors and pension scheme trustees on debt restructurings involving defined benefit pension liabilities:

• We advised a private-equity backed sponsor on the pensions issues involved in its c.£200m consensual debt restructuring;
• We advised the LINPAC Pension Scheme on the c.£600m consensual debt restructuring of its sponsor