The last 10 years have been a very difficult time for defined benefit pension arrangements. Volatile markets, seemingly endless rounds of legislative change, and ever-increasing longevity have driven up funding deficits and increased ongoing running costs.
Reducing exposure to the risks associated with pension plans whilst increasing the certainty of delivering the promised benefits is something many plan sponsors and trustees would like to achieve. But how should trustees and sponsoring employers address the key questions they are facing:
- What are the aspirations for the pension plan in the longer term?
- What are the key risks the plan is facing and what is their magnitude?
- How should the risk management options available be prioritised for maximum effectiveness?
Using our knowledge, experience and resources, we help clients to understand their needs, identify relevant solutions, navigate the risks and implement successful outcomes. Our aim is to give clarity to our clients allowing them to make the right decisions and take the right actions at the right time.
Manage longevity risk using buy-ins, buy-outs and longevity swaps.
Reduce scheme risk whilst offering members greater choice.
Resolve data issues to increase attainment of a scheme’s objectives.
Ensure effective and efficient delivery of high risk, high profile projects.
Charles Rodgers summarises what the cost and risk management channel is and how it can be used to help you manage your pension scheme costs and risk globally.
Find out more about how the cost and risk management channel can help you manage your benefit plans globally. Learn more