Trustees are always looking for ways to assess and reduce risk in order to protect a scheme and its members. A schemes biggest non-financial asset is its data – the importance of which has an impact on almost any initiative or project a scheme turns its attention to. But, for many schemes, managing data can feel like swimming upstream!
In this session we’ll be talking about rectification, such as GMP – and how data analysis and improvement can create a smoother, more accurate project. We’ll also be looking at the data risks for dashboards – ensuring the right matches are made and the right data provided. And we’ll take a dip into consolidation and how schemes can ensure they get the best deal.
Taking a risk-based approach to data – understanding, mitigating, monitoring – can help trustees achieve their goals and have a far wider impact on the scheme and its members overall