'Black box thinking' would solve DB problems - Pensions Institute

A report, published today by the Pensions Institute, explores how the so-called ‘black box thinking' approach could help address many of the issues facing DB schemes and avoid the errors of the past. The strategy - developed by author and broadcaster Matthew Syed - is based on the use of data from black box flight recorders in aircraft to identify and understand the cause of both major accidents and near misses. The report's authors - Pensions Institute director David Blake, and fellow Matthew Roy - argue the same thinking can be applied to pension schemes, to help manage the issues f...