Published by : Legal & General Investment Management
The Pensions Regulator is clear in its guidance - all trustee efforts should be focused on achieving one outcome: "paying pensions to members of the scheme as they fall due and paying them in full". It sounds straightforward, but then follows numerous further pages of guidance on what good governance means. Three key risks are identified that trustees should be aware of: covenant risk, funding level and investment risk. Each of these risks are in a constant state of flux, and each of the three impacts the other two. To make matters more difficult, trustees tend to meet only 4-6 times a year.
Published:01 September 2017
Business Area: Governance and management
Type: Portable Document Format (.pdf)
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