This guidance aims to provide a framework to help you, with support from your advisers, to find the answers to the following questions: 1. What do I really need to know about the current regulatory framework for defined benefit pensions? 2. What are the risks to implementing a chosen business strategy arising from the pension liability? 3. How can I better understand these risks? 4. What actions can I take to manage the risks once they are understood? 5. How should I report to the board and shareholders on how the risks are being managed?
