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2020 will see great changes in actuarial valuations, with significant differences in the regulatory background, the economic environment, demographic projections and, potentially, sponsor covenants.

Trustees and sponsors will need to consider their approaches from first principles to come to a mutually satisfactory position on valuations.

This webcast will give trustees and sponsors the principles and insights to apply to their valuations to ensure an optimal process and outcome.

The key topics covered will include:

• Details of the new regulatory guidance, including consideration of the Pensions Regulator’s proposed new funding framework and the potential impact of a “Fast Track or Bespoke” approach for pension schemes.
• Understanding the potential impact of COVID-19, both economically and demographically, on your scheme and how to choose demographic valuation assumptions and consider alternative contingent options in light of this uncertainty.
• An overview of the economic environment, the purpose of journey planning and why it needs to happen at the beginning of the valuation process and how to consider whether COVID-19 should impact on your investment strategy and hence valuation.
• An update from our specialist covenant team on reviewing covenant strength in the light of the challenges presented by COVID-19, and some practical points on how to gather and interpret relevant information, and build this into your funding solution.