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Mounting pressure for Trustees

Mounting pressure is being put on trustees to micro manage fund managers and formally define the responsibilities they have to the scheme.

There are two issues that surround this. The first being that trustees have never had this as one of their fiduciary duties. The second is that fund managers are unlikely to want to have their role defined by a trustee, let alone be answerable to one. (more…)

Category : Employer Covenant — Tags: , , — admin @ 12:24 pm April 28, 2011