We strongly believe that, to make risk registers the root of good governance, the risks needs to be straightforward to understand and easy to access at any time. Our online risk registers can be reviewed and updated in real time to support decision making discussions.
A number of clients now set their meeting agendas by linking each agenda item to a relevant section of the risk register. Those risks can be reviewed online and discussed at the relevant part of the meeting. Following a material discussion or decision, the risks can be updated in the meeting. By the end of the meeting the client can see how the decisions taken have impacted the risk register, providing a real time audit trail of how the client is managing the risk.
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In the news this week, the Chancellor’s summer statement is pensions-lite, a call for input is launched on data standards for pensions dashboards, a company looks to bring its DB scheme closure forward by four years and another large longevity swap is completed.
Covid-19 has created many challenges for DB schemes but, for those ready to transact in 2020, it may have created even more favourable market conditions for a buyout. The problem is that most schemes are not there yet. In this Briefing we look at what being “deal ready” actually means and what work it will involve.
Given the very company/scheme-specific impact of the Covid-19 pandemic, in this quarter’s Arena we simply show all the usual financial and investment analysis for what was a very turbulent first three months of 2020, plus a summary of key pension developments and Company pensions news over the quarter.
Over the autumn of 2019, BAC conducted an extensive survey of the actions which companies are taking to manage their defined benefit (DB) and defined contribution (DC) pension arrangements.
2019 marked 50 years since Neil Armstrong walked on the moon and this was obviously on the Queen’s mind in her Christmas message as she talked about a bumpy year but one with small steps of progress as well. In terms of pensions, it also felt like a year of small steps and occasional bumps. In this quarter’s Arena, we take a positive look back at 2019, as well as looking forward to some expected pension developments over 2020.