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.


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 are extremely experienced in this area and our independence allows us to view your risks with a fresh pair of eyes.
  • 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. 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. 

  • 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 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. 

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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