As the deadline looms there are some residual concerns for trustees on what the Regulator is looking for from an ORA, even among those who have done the work in good time and with the understanding that the ORA is an assessment of work in progress not evidence of the finished article.
This meeting will be an opportunity for Chairs to get together to compare notes on approach, to help establish what 'proportionate' looks like for their scheme and importantly whether going through the process improves risks management on an ongoing basis and keeps it top of mind for trustees.
This meeting will help trustees kick the tyres of their own approach so when it comes to signing off the ORA, even if they are approaching an insured solution or have a limited governance budget, they feel comfortable to do so.

Pension risk specialist
WTW

Partner
Hogan Lovells International
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