
Although volumes of liability management and de-risking exercises saw a small decline in 2016, the underlying demand for such exercises remains strong. Indeed, it has been widely reported that market conditions for de-risking exercises are more favourable than they have been for the past few years. As a result for many trustee boards 2017 heralds an opportunity to exert much needed control over their scheme’s liabilities. However, poor pensions data is a significant barrier to successfully controlling liabilities, and many schemes would do well to consider what impact the quality of their scheme’s data would have on any potential liability management or de-risking exercise and how improving their data quality could improve the likelihood for a successful outcome to their endeavours.