Pension risk management

• The first step in pension scheme risk management is to identify all relevant risks. We have a significant amount of experience in this area.
• For more information about integrated risk management for pension schemes please click here.
• We can help mitigate all different types of risk to your pension scheme, from employer covenant, funding and investment through to data protection, cyber security, ESG and member data.
• We are experienced in establishing appropriate controls, processes and ongoing procedures to manage risk.

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.

• Pension scheme data needs to be reviewed for many different reasons, ranging from day-to-day administration to preparation for a transaction.
• We have a wealth of experience of helping clients review and improve their pension scheme data to meet their various objectives. We are not always the administrator of the scheme in question - in fact a fresh pair of eyes can be very helpful when reviewing pension scheme data.

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.