ROOT and branch
For a picture of bac’s approach to DB governance, imagine a flourishing tree. The root system is not usually visible but it’s crucial to the health of the whole tree, as is the environment in which the tree lives.
In this Pensions Arena, Andrew Udale-Smith aims to get to the ROOT of what makes for good governance for a DB scheme. The article looks at Risk management, the two branches of Organisational and Operational governance and the use of Technology. For a start, there is no “one-size fits all” when it comes to governance, with each scheme and trustee board needing to develop an approach which works best for them…
And, of course, July’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 30 June 2019, presented in the BAC Dashboard.