Trustee 'ignorance' poses risk to pensions - papers 3rd January

Sir Bryan, who stepped down last weekend as chairman of the Financial Reporting Council and has been a trustee himself, said: “Although the situation is much improved, there is still [concern] in my mind that many trustees of pension funds don’t really know what they’re doing'” “It’s not a criticism of the individuals,” Sir Bryan said. “It’s just that they are lay people spending limited amounts of time. I think that is a risk for all pension funds.” In the past year, pension fund deficits have been recognised as the biggest risks that some companies face, says the paper. ALMOST NIN...