Risk management is increasingly important in pensions administration governance.
PASA’s risk matrix tool can help you to carry out a high-level assessment of current risks within your scheme.
The matrix allows you to create a tailored report - summarising the potential risks within your scheme - by answering a series of questions. Use of the risk matrix tool is completely anonymous and you may use it as many times as you like.
The questions and their corresponding answers do not differentiate between types of schemes, their size or relative complexity, but are based on administration best practice. It is essential that the report is considered within the context of your own circumstances - only you can decide if the risks are acceptable. PASA recommends that you seek professional advice if you are uncertain about any aspect of your scheme's administration.