Own-risk assessment
Section 64AL of the Pensions Act and Chapter 3 of the Pensions Authority’s Code of Practice for trustees outline the requirement for trustees to carry out and document an own-risk assessment (ORA) at least once every three years, and without delay following any significant change in the risk profiles of a pension scheme or trust retirement annuity contract.
The Authority has published guidance for trustees on how to conduct their scheme’s ORA.
This guidance is available under the Related File(s) section below.
The Authority may amend or supplement this guidance periodically.