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A liability-focused approach is the only way for schemes to manage risk effectively, BlackRock managing director John Dewey says.

Trustees must be prepared to take advantage of de-risking opportunities when they arise, delegates heard.

Schemes are failing to communicate effectively with members because of an obsession with the latest technology and social media, warns Shilling.

Daily Mail and General Trust has introduced a raft of changes - moving members of its defined benefit scheme to a cash balance arrangement by March 2012.

Rising longevity still poses a risk despite some schemes having their fingers burnt at successive valuations, Club Vita warns.

Lifestyle strategies in the UK defined contribution market are too rigid and their underlying asset allocation and management is not dynamic enough, ATP says.

Defined benefit schemes will be given free reign to change their accrual rates to offset the costs of scrapping the contracting-out rebate, PP has learned.

Defined benefit schemes should transfer into the information disclosure regime to make members more aware of their options at retirement, consultants say.

De-risking solutions for smaller schemes should be targeted at individual members and be proportionate to the size of the scheme to limit sponsor costs, delegates heard.

Schemes need to find an "optimal solution" to hedge longevity risk to keep some risk in their portfolios, delegates heard.