Risk management is a key part of good governance and a cornerstone of any successfully managed pension plan.

Like any financial enterprise, HOOPP, as a defined benefit pension plan, faces risks on several fronts. To effectively manage those risks on behalf of Plan participants, HOOPP is creating a comprehensive risk management framework that encompasses:

• funding risk management
• investment risk management
• operational risk management

This section of the report outlines some of the many strategies, procedures and tools that HOOPP uses (or is developing) to manage risk – and to help ensure the Plan’s continued success.