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Risk Management

Risk management is an area that is increasingly important in pensions administration.

The RSPA Risk Matrix
We have developed a risk matrix tool that will help you to review the operation of scheme administration and carry out a high level assessment of current risks.

The matrix is an excel spreadsheet that allows you to select and answer a series of questions.  By selecting the answer that best matches your own circumstances, you will create a tailored report that summarises potential risks.  

We will add new sets of questions to the tool on a regular basis, so check frequently for updates (last updated - 11 March 2010).

Download: RSPA Risk Matrix v6 (Updated 11/03/2010)

The questions and their corresponding answers do not differentiate between types of schemes, their size or relative complexity, but are based on what is generally considered best practice amongst administration experts.  It is essential that the report be considered within the context of your own circumstances and only you can decide if the risks are acceptable.  We would urge you to seek professional advice if you are uncertain about any aspect of your scheme's administration.

Use of this tool is anonymous.  Please feel free to use it as often as you like.

More Information?
To the left are a number of sub-menus that will assist you in using the risk matrix tool and assessing areas of risk.  These include: more detailed instructions on using the matrix tool, help information, details of other reference material regarding risk management and a glossary of terms used in the risk matrix questions and answers.