How to manage pension risk in a volatile environment

Traditional defined benefit (DB) pension schemes are being closed to new members and future accrual, and defined contribution (DC) schemes are growing in number as employers seek to control the volatility of their costs. However, there are still an estimated £1trn of private sector DB liabilities which will need to be managed for many decades. Continued economic volatility and an ever-changing regulatory environment have sharpened DB pension scheme sponsors’ and trustees’ focus on the significant risks facing their schemes today. Determining how best to manage these risks is critical and...