Series Title: Is your pension team fit for the DB endgame?
Part 2: Has ‘People’ just become your biggest investment risk? We think so. The question is what should you do about it?
Summary:
For closed DB schemes, pension funding levels are now high, with buy-out or low dependency in sight.
Pension teams need to adapt – even become smaller, or re-point. The demand for expert staff may become acute, albeit possibly on a temporary basis as schemes migrate to buy-out. These forces may be a catalyst for staff churn. ‘People’ may now be your biggest investment risk.
Avida can help support schemes through this transition by advising on appropriate resourcing models, operational circuits and governance structures. Avida can also provide expert project and temporary headcount support.