Brunner Mond is taking steps to de-risk its UK pension fund as part of its efforts to reduce the scheme’s deficit.
The manufacturing firm’s de-risking strategy, provided by Mercer, will look to achieve 100% funding through a governance framework that will lock in market gains. Work will also be done to protect the fund, valued at £140 million, against downside equity risk.
One of the main features of this de-risking approach is that the scheme’s funding level is monitored and reported on daily by Mercer. If it passes a certain level pre-agreed investment changes are implemented immediately.
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