As part of its focus on Integrated Risk Management, the Pensions Regulator (TPR) has stressed the need for trustees to put “contingency plans” in place to guard against the consequences of risks materialising.
TPR now expects all DB schemes to put a plan in place. However, the results of our recent survey of trustees’ approach to risk management showed that only 17% had a formal strategy.
What does TPR mean by “contingency planning”, and what should trustees be doing? We’ve explained all this and more in our briefing note. Read on to discover how to manage risk holistically for your scheme.
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Are you aware of what the biggest risks are to your DB pension scheme? Our risk management expert, Chris Ramsey, shares best practice for trustees in a new video.watch now