Investment a 'challenge' for third of trustees

The pension consultancy highlights events such as the recent downturn in the US sub-prime market as an example of the challenges trustees face. John Walbaum, partner at Hymans Robertson, says: “Trustees are concerned with making investment decisions to support the long-term strategy of pension schemes, thus ensuring member expectations are fulfilled.” “At the same time, trustees are under pressure to understand both the short and long-term implications of market events so they can make those investment decisions.” A total of 54% see their biggest challenge as keeping abreast of legisl...