Risk intelligent organisations have come to realise that there is no such thing as bad risk. Rather, there may be risks that are poorly understood and badly managed. The current volatile market means your organisation could be exposed to new and more complex risks than before. With the current market conditions and changes in banks, custodians etc, your previous preparations may be inadequate and could leave you exposed to unexpected and often unpleasant surprises. The fact is that policies developed more than 12 months ago may not be sufficient to address the challenges of 2009.
This is a critical time for trustees, managers and professionals to review their unit pricing policies and procedures.