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.

Risk management is vital to your pension scheme

The key areas of our pension risk management services fall under the following headings:

  • 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 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 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 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.

Internal controls and risk management 

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. 

Have a question for us?

Please contact our Pension Management team if you are a trustee or sponsor of a pension scheme and have any questions about the risk management of your scheme.

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