Almost half DB schemes lack risk strategy

In its survey of 171 schemes, ranging from under £50m of assets to over £1bn and from 60 to 325,000 members, almost 90% recognise they need to do more on risk management. Of these nearly half (43%) lack an overall strategy to manage risk, according to the survey of trustees' and employers' main concerns relating to existing defined-benefit (DB) plans. John Branford, partner at HamishWilson, says understanding sponsors' and trustees' objectives and timescales are key to risk-mitigation. He says: "The danger comes when a piecemeal ‘flavour of the month' approach is adopted rather tha...