Pensions - Articles - PTL announces results of DB Pensions Risk Survey

 PTL, the leading independent trustee and governance services provider, today announced the results of its newly launched trustee DB Risk Survey. The survey, which was run on line during June, asked trustees to indicate their top three current DB risks.

 The results, detailed below, show the aggregate number of votes each risk received as a proportion of all the risks selected.
 

 Richard Butcher, Managing Director at PTL, said: “In one sense there are no great surprises at the top end of this table; employer covenant and longevity have been feature risks of DB for a long time – although in the case of the first perhaps more pronounced at the moment as deficits continue to head north. What’s more interesting are some of the risks lower down the table. Brexit is a big story but one that wouldn’t have featured until a couple of years ago, this result reflects the uncertainty we all feel about the future. Inflation remains a key concern and there are indicators that it is expected to rise in the medium/longer term. GDPR and Cyber are newer risks to trustees and what’s interesting about them is that if combined, they are, after all, both IT risks, they would be equal with covenant at the top end of the table. They are certainly major risks and trustees need action plans for mitigating them now.”