CAPSA releases Guideline No. 10 – Guideline for risk management for plan administrators

CAPSA released a new Guideline addressing pension risk management. It articulates the key elements of a risk management framework and the views of pension regulators on the importance of pension risk management. The Guideline provides a systematic approach for identifying, evaluating, managing and monitoring material risks facing pension plan administrators, as well as risk considerations for specific topics, including cyber security, third-party risk, investment governance, ESG factors, and use of leverage. Pension plan administrators should consider the recommendations in this Guideline as a way to meet the standard of care expected of fiduciaries.