September marks six months since the General Code came into force. Many schemes will have completed their gap analysis and picked off some of the more easily attainable actions in relation to Code compliance. It’s around now that we expect trustees to be getting to grips with exactly what the Risk Management Function will be doing on a day-to-day basis. This includes reviewing and refining risk management processes but also planning for production of the ORA and capturing ORA-specific inputs as they go. Our session will consider the practicalities of running a Risk Management Function and what an ORA project plan should include so trustee boards can ensure they are compliant in as efficient a way as possible.
We will also take the opportunity to discuss how trustees working towards compliance can use this is an opportunity to take a step back and ensure their approach to risk is optimal for their scheme in terms of resourcing, prioritisation and capability and that risk management is a live and actionable agenda item for their board. Mature risk principles from outside the sector as well as insights from schemes who have reviewed their approach in recent months will help inform the discussion.
We do hope you can join us.
Pension Risk Specialist
WTW
Governance Generalist
WTW
Risk Management Specialist
WTW
Chair
NHS Pensions Board
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