Oil & gas
In an industry where financial performance is heavily affected by oil and gas prices (both directly and indirectly) and investment cycles, developing a long-term journey plan for the pension scheme is essential.
Although the pace of the Energy Transition towards renewables is often overplayed, the direction of travel is clear and schemes will need to have an end game in mind. Many schemes are also considering how their investment portfolio can be tailored to complement how their sponsor may react to changes in fossil fuel prices (including the impact of exchange rates).
We’re advising clients on developing their end game funding strategies and investment portfolios.