Correspondence

Outsourcing and pension risks

The regular blog by the Government Actuary covering topical issues.

• From: Government Actuary's Department
• Published: 26 March 2018

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Government Actuary's Blog: Outsourcing and pension risks

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The burden of its Defined Benefit (DB) pensions responsibilities may have been a factor in the recent demise of Carillion but seemingly not the main cause of failure. The fact is that the materialisation of risks associated with pensions can be detrimental to a business and therefore to the stakeholders in that business. In the case of an outsourced service provider those stakeholders include its customers and, in the case of Carillion, one of those customers was the Government.

Published 26 March 2018