Good risk management by trustees and sponsors of defined benefit (DB) pension schemes is becoming increasingly important as those schemes mature. The Pensions Regulator (TPR) has also emphasised this, in particular since its guidance on Integrated Risk Management was released in December 2015.
Our recent in-depth survey of the approach taken by trustees to risk management suggested that trustees are engaged with TPR guidance, but are still getting to grips with exactly how to implement it in practice. We set out our thoughts on the state of the DB pension scheme universe, some of the key challenges that schemes face and how good risk management can help meet those challenges.
To find out more, download our insights document below.