New trm Service to Assist Trustees in Pension Scheme Risk Management
by Jonathan Bull

I am pleased to announce that Trustee Risk Management Limited (trm is a subsidiary of The Occupational Pensions Defence Union Limited) has launched a new service to assist pension scheme trustees in developing and implementing a scheme specific programme of risk management.

The principle underlying pensions legislation is that the trustees are primarily responsible for the good governance of occupational pension schemes. Therefore, proper identification, control and manage-ment of risk will protect members, employers and trustees and in consequence be highly beneficial.

Accordingly, trm will be holding a series of seminars providing guidance and support to trustees and employers based on a "trustee-friendly" risk management programme. Individual presentations to trustee boards can also be given or more specific assistance to assist trustees in developing their own risk management programmes.

In an increasingly risk focused environment, radical changes are needed to reform the overcomplicated regime that currently provides a straightjacket for employers and trustees. If employers are given more flexibility in how they run their schemes, members must be able to rely on trustees to protect their interests and strike a fair balance between the interests of different groups of beneficiaries.


trm's services, have been established in accordance with opdu's objectives of enhancing standards and encouraging best practice in pension scheme governance by trustees and fit very comfortably with the prospect of less prescription and more practical guidance in future.

For further information please contact Jonathan Bull or Marcia Adele at:

Trustee Risk Management
International House
26 Creechurch Lane
London
EC3A 5BA

Telephone: 020 7204 2440
Fax: 020 7204 2477
Email: enquiries@opdu.com