You are a Pension Adviser for a Pension Trustee Board which is about to appoint
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You are a Pension Adviser for a Pension Trustee Board which is about to appoint

QUESTION SEVEN

You are a Pension Adviser for a Pension Trustee Board which is about to appoint a new Pension Scheme Administrator for their defined-contribution (DC) Occupational Pension Scheme. Prepare a report to the Trustee Board which focuses on the risk management framework necessary to administer the Scheme efficiently. Your report should cover the following:

(a) A brief description of the risks a DC Scheme might encounter.

(b) The elements of an effective risk management framework for the Scheme.

(c) Distinction between defined-contribution (DC) and defined-benefit (DB) Occupational Pension Scheme.

Hint
Accounts and Finance A defined contribution pension scheme is created on how much has been provided to your pension pot and the progress of the same money over time. A defined benefit plan is constantly set up by an employer and gives you a set profit every year after you have retired....
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