Addressing risk appropriately

Dear Editor, The Pensions Regulator's alert to risks in the economic downturn is a timely reminder that desperate times call for desperate measures. While it is debateable, the extent to which the weight of legislation that has borne down on trustees since then has really made a repeat less likely, the regulator's influence in the area of scheme governance has certainly been positive. Trustees should be clear about their responsibility for scheme governance, and within that framework, for strong risk management and internal controls. The regulator issued Code of Practice 9 on Intern...