Pension fund risk management requires integrated governance, risk controls, continuous reporting, and stress testing with corrective portfolio measures.

Pension Funds must maintain an integrated risk management framework covering the identification, assessment, mitigation, monitoring and reporting of financial, operational and compliance risks. The Compliance Officer must oversee implementation and ensure that risk considerations inform Scheme decision-making. Controls must address market, credit, liquidity, operational and compliance risks through diversification, hedging, liquidity buffers, internal controls, audits and regulatory monitoring. Regular stress testing and scenario analysis must assess portfolio and operational resilience and support corrective actions, including portfolio rebalancing, additional hedging, increased liquid reserves and contingency planning.

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