Archive for the Risk Category

Risk taking in recessions

Posted in Business, Governance, HR, Leadership, Management, Press, Risk with tags , , , on June 23, 2008 by katephiz

Another comment on the Personnel Today Workplace Clinic blog, which this time expanded upon in my General Business Administration blog.

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Comment on Regulator’s governance survey

Posted in Business, Governance, Operations, Pensions, Press, Risk with tags , , , , , , , , , , on July 16, 2007 by katephiz

Press comment on the Regulators annual survey of governance with full text reported here. Various excerpts picked up and quoted by the press. For the benefit of the press I summaried my detailed commentary as follows:

“The survey reports encouraging progress in several areas, including conflict awareness and the evaluation of the employer covenant. It also highlights a number of areas where general practices remain weak, namely Advisers, Risk Management and Administration. Whilst we expect to see developments in these areas over the next 12 months, the focus for trustees should be to ensure they have good governance structures in place and the rest will follow. As well as delivering a well run scheme, this will protect their position with the Regulator.”

Home movers risk identity fraud

Posted in Governance, IT, Management, Pensions, Pensions Management, Press, Risk with tags , , on April 27, 2007 by katephiz

Press comment in the April 2007 edition of Pensios Management

… the results were unsurprising. “there are some schemes that are in a total mess – you have administrators making up records because they are going into wind-up and they just want to get it sorted somehow …

Governance Consulting

Posted in Consulting, Employee benefits, Financial controls, Governance, IT, Management, Operations, Pensions, Press, Process, Risk with tags , , , , , on December 13, 2006 by katephiz

Press release annoucing the launch of LCP’s Governance Consulting Practice for which I am one of the two senior contacts.
The launch consolidates work to produce a manual for clients on how to undertake a risk management exercise.

Applying the code

Posted in Consulting, Governance, Management, Pensions, Press, Professional Pensions, Risk with tags , , , on July 7, 2005 by katephiz

Author of article in Professional Pensions on good governance for pension schemes and reducing risk through the development of good practices.  Excerpt follows:

The prevention of disasters is a worthwhile exercise. Viewed as a bedrock compliance regime, the codes should help to reduce the number of schemes forced into the Pension
Protection Fund. Trustees should, however, see them as very blunt tools when it comes to proactive risk management and seek assistance from a
professional guide. Indeed, the codes themselves increase the need for trustees to consider their personal exposure to risk.

Be a Smartie

Posted in Consulting, Employee benefits, Governance, Management, Pensions, Pensions World, Press, Risk with tags , , , , on April 1, 2005 by katephiz

Author of an article in the April 2005 issue of Pensions Word addressing risk assessment and how risk can be controlled through effective Governance such as the use of SLAs for managing outsourced services.  Excerpt follows:

Establishing performance measures involves three separate steps:

  1. what aspects should be measured?
  2. how should these be measured?
  3. what is the benchmark for good performance?

Risk – like the relay

Posted in Business, Consulting, Employee benefits, Financial controls, Governance, HR, Management, Operations, Outsourcing, Payroll, Pensions, Process, Risk with tags , , , on March 30, 2005 by katephiz

Article authored for Personnel Today explaining risk using the analogy of a relay race.  Excerpt as follows:

Generally, preventing a risk from arising involves simple, straightforward solutions, which can often be implemented at minimal cost. The consequences and cost of dealing with a risk after it has happened can be considerable.

<snip>

However, as we have seen, many of the risks lie on the boundaries between departments and functions.