A pension scheme trustee’s role is ultimately about the effective control of the risks faced in running the scheme. This starts with identifying the various types of risks faced, and what options exist for their management.
We can educate trustees on methods that can be used to mitigate the key financial risks and by quantifying them, help prioritise those which are most important.
This risk management strategy may have a range of elements, from the broad investment strategy framework, to the way in which the various functions inter-relate. We can help in a number of ways, but for some trustees, it’s as simple as the one-page summary of investment strategy that is included in all regular reporting as a reminder of the rationale behind the strategy.