continued from page one Anne McMeehan, communications director at Autif, said: 'The role of trust...
continued from page one Anne McMeehan, communications director at Autif, said: 'The role of trustees is clear on this as 1987 was the precursor to such actions. The fundamental line is to ensure that the price of a fund is valid. Where markets are open but price feeds are suspect, trustees can suspend the fund.' Difficulties arose in that some companies, due to the way in which they price the funds, had to make a decision at the start of the day, whereas others had the option to wait until mid-day before deciding, McMeehan said. The circumstances behind last week's events were very ...
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