In May 2021, we launched our second phase of #PensionsTensions – looking at the emerging risk management pressures faced by UK pension schemes as we move beyond the social and economic challenges of the COVID-19 pandemic and into the unchartered waters of the Pension Schemes Act 2021, a new single Code of Practice and various other regulatory pressures. We assess how the latest developments impact the governance and risk management frameworks of pension schemes.
#PensionsTensions: New Dimensions features five publications that address trustee relationships, funding and investments, pensions systems and administration, governance and trusteeship and legal and regulatory. In each publication, we provide commentary on the tension and give a #PressureMeasure rating. We supplement this with practical support around red risk flags, mitigation tips and timesaving tips.
We are delighted to share our #PensionsTensions: New Dimensions campaign progress report, which provides an opportunity to:
- Pause for reflection on the campaign to date, review and summarise the five areas we covered (trustee relationships, funding and investments, pensions systems and administration, governance and trusteeship and legal and regulatory) and highlight the areas of #PensionsTensions that we think have a more pressing need for action or reform
- Provide our forecast on the areas of #PensionsTensions where we envisage higher or lower pressure over the coming months
- Present our mitigation tips for the #PensionsTensions on the horizon as the industry continues to evolve and face further pressures
- Highlight recent pensions developments providing new or increased sources of tensions that have emerged since our factsheets were issued
Our #PensionsTensions: New Dimensions campaign will continue to gain momentum over the coming months and we would welcome your feedback and engagement on the topics you would like us to cover or to build on. Please do not hesitate to get in touch with one of the #PensionsTensions team.