PwC appoints covenant advisory scheme director

PwC has announced the appointment of Mike Holford as the newest director to lead its north west covenant advisory scheme.

He joins the firm from EY’s pensions covenant advisory team where he spent more than three years, including a six-month secondment to the Pensions Regulator (TPR). Prior to this, he spent 12 years at KPMG.

He said: “I look forward to bringing my recent experience of working with TPR, as well as years of experience providing employer covenant advice, to help both trustees and scheme sponsors tackle the changing economic and regulatory landscape.”

Mark Jennings, head of PwC’s regional covenant practice, added: “It is great to have Mike on board.

“Mike’s focus will be to lead our covenant offering in the North West pensions and corporate market at a time when we are seeing increased regulation in the defined benefit pension space and an increasingly active transactions market which means there is more demand than ever from trustees and corporates in the region.”