Pension risk management
Helping you identify and mitigate risks to your pension scheme, and implement robust monitoring processes
Pension scheme risk management affects outcomes for both members and employers. By mitigating and managing risks, employers and sponsors are better positioned to focus on other key areas of pension scheme management.
Risks and the appropriate level of risk will be different for each pension scheme and each employer. We can help you to identify risks and establish procedures and controls specific to you and your circumstances.
The key areas of our pension risk management services fall under the following headings:
Vast numbers of processes and decisions are needed to run a pension scheme. Appropriate pension risk management and properly documented controls, including contingency plans, will help you to better protect your scheme and its members.
It is essential that any internal controls in place remain appropriate and effective. Frequent monitoring and risk assessments help to identify new risks and changes to risks, and mean that appropriate action can be taken promptly.
We provide a full suite of trustee executive and management services, acting as your 'in-house' team to run every aspect of your scheme, including supporting the development of strategy, adviser management and oversight, governance structures, cash handling/accounting and member experience.
Whether you need a whole new team or have an existing team who can become part of the BW family we can tailor your support to match the characteristics of your trustee board and aspirations for the scheme.