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 in their defined benefit (DB) pension schemes.

What is contingency planning for DB schemes?

TPR now expects all DB schemes to put a contingency plan in place. However, the results of our 2018 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, which you can download today to discover how to manage risk holistically for your scheme.

Fundamentals to DB scheme contingency planning


Pension schemes face many risks. Our approach focuses on the broader view. We help trustees and sponsors identify key issues their scheme is facing.


Our consultants provide advice that is bespoke to your needs. No two schemes are the same, so we make sure our advice is appropriate to your circumstances.


Illuminate helps our consultants provide expert advice efficiently. Trustees can develop an integrated strategy, with a fully integrated monitoring framework and demonstrate compliance with TPR’s IRM guidance.


Discover more in our briefing note

Find out how we can help trustees put contingency plans in place through our step-by-step guide. 

Download now

Map the course of your DB pension scheme

We've introduced DB Navigator® – our clear and simple decision-making framework that gives you the knowledge, structure and tools to optimise your strategy for tackling the journey towards your defined benefit pension endgame.

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