Manufacturing, industrials & basic materials
UK industry has for some time been grappling with the pace of technological change to both products and production processes.
This has created material competing demands for cash held by sponsors, as businesses look to reinvest to remain profitable in the face of increasing competition from overseas. Trade disputes, economic uncertainty, and currency fluctuations further complicate the outlook for industrial sponsors. Several high-profile sponsors have failed to adapt, and we are working with a number of trustees to develop sustainable and secure journey plans for their schemes.