Advisers to defined contribution (DC) schemes would do well to recognise investment risk management ...
Advisers to defined contribution (DC) schemes would do well to recognise investment risk management is not just about protecting the scheme member - it also protects the trustees and the sponsoring organisation, whether this is one or more employers, a trade body or professional association. In the United States members of DC schemes dissatisfied with their funds' performance have taken trustees to court where they have accused them of failing to discharge their investment responsibilities satisfactorily. US court rulings indicate if trustees want to be free of the threat of litigation, th...
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