Pension risk management
Helping you identify and mitigate risks to your pension scheme, and implement monitoring processes
Good risk management of a pension scheme is a key factor in members and employers experiencing good outcomes. By mitigating and managing risk, employers and sponsors will be better able to focus on other key issues when it comes to managing their schemes.
Risks and the appropriate level of risk will be different for each pension scheme and each employer. We can help you to identify these risks and establish procedures and controls specific to you and your needs.
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. Documenting these helps to reduce the exposure to risk. The documentation should include plans for dealing with any issues that may arise so you can protect your members effectively.
We would love to discuss your processes and procedures with you. Our approach is to understand our clients' needs and develop their policies to ensure they work for them - one size does not fit all.
It is essential that the controls in place remain appropriate and effective. Frequent monitoring and assessing of the risks to your pension scheme means that new risks or changes to risks can be identified and appropriate action can be taken promptly.