Pensions Regulator posts blog on questions for trustees to ask on investment strategies

In a blog post on August 16, 2022, Fred Berry, the Regulator’s leading investment consultant, urged trustees to remain vigilant about changing strategic and operational risks. He noted that the Regulator cannot be everywhere at once and that it relies on trustees, as a first line of the scheme’s defence, to ask such questions as: How is the level of risk justified? What were the advisers’ views? How quickly could investments be de-risked if necessary? He said that so-called “silly” questions can sometimes lead to interesting discussions, and that both strategy and operations are important.