As we move into the next part of the pension cycle, funding levels are relatively sound despite low discount rates. Many sponsors may be breathing a temporary sigh of relief but now may be the best time to put a holistic pension strategy in place to help avoid the risk of "repeat" when it comes to the painful part of the pension cycle.

Now is the time to get off the pension carousel of "surplus, deficit, somewhere in the middle, repeat" and to find your true north.