Integrated Risk Management

The Pensions Regulator is currently consulting on a number of documents anticipating the extended regulatory objective of protecting the long-term sustainability of sponsoring employers when reaching funding outcomes for defined benefit pension schemes.

One of the concepts discussed in those documents is that of integrated risk management techniques in assessing the three keys risks relating to defined benefit pension schemes – funding, investment and covenant.

The concept of risk management is very familiar to members of the IFoA and the expertise that members have in this area mean that the IFoA can make a significant contribution to this debate, and potentially lead the way in establishing risk management models that would be helpful to pension scheme trustees and sponsors.

Outputs:

• feedback to the tPR on the draft Code of Practice includes guidance to trustees on integrated risk management techniques
• presentation at the Current Highlights in Pensions Seminars in October/November 2015
• presentation at the Momentum Conference in December 2015
• presentation at the Pensions Conference in 2016.