Automotive

Many sponsors in the automotive sector are grappling with the uncertainties that COVID-19 brings to their supply chain and to their markets.

Over time, it is possible that we may see significant changes to the geographical footprint of automotive sponsors, leading to potentially significant changes for pension schemes in this sector. We are actively working with trustees to understand the impact that COVID-19 may have on their sponsor, and have amassed extensive experience of advising trustees faced with significant restructuring or improving security for their members.

 

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