The majority of pensions professionals are unsatisfied with the quality of reporting and analysis available to them for the management of their DB pension risk, a PensionsFirst survey has found.

Of the 135 respondents, 83% of respondents agreed that managing pension risk is an important issue for schemes. Despite this, 68% found that the reporting and analysis currently available for DB schemes does not enable effective risk management and 59% did not agree that current reporting analysis is accurate and detailed.

The report also found that 62% considered reporting and analysis to be untimely and infrequent, 68% did not find the information understandable and clearly presented and 71% did not agree that reporting and analysis allowed assets and liabilities to be modelled and compared consistently.

Benjamin Reid, CEO of PensionsFirst Analytics, said: “Under the status quo – where asset and liability information are often reported separately and to different timeframes – there is a widely held belief that effective risk analysis suffers. The findings of this survey validate the approach that PensionsFirst has taken in order to empower pension sponsors and trustees by giving them the tools they need to model assets and liabilities on a common platform and perform effective risk analysis.”

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