IRM Made Simple Guide
We are thrilled to have partnered with the PLSA on the latest Integrated Risk Management (IRM) made simple guide. Many schemes are facing new and unprecedented risks and so this guide explores what IRM means for them today.
IRM remains of central importance to UK defined benefit pension schemes and The Pension Regulator’s (TPR) increasing focus on its implementation exemplifies the positive impact regulators can have on the industries they oversee. COVID-19, a textbook “IRM shock”, has brought this more into focus than ever before and many trustees are also increasingly concerned with longer-term ESG risks and their potential impact across covenant, investment and funding.
This guide has been designed to explain IRM in the context of trustee decision making along the journey to an appropriate end-game. We hope that these practical examples of how IRM can be used in practice by trustees, in the context of their journey plans, enables the long-standing theory to be brought to life.
