MNOPF: Trustees must step up and play their part

Stephanie Baxter
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Rory Murphy: We have to get out of the habit of allocating blame; we shouldn't look to shirk responsibility
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Rory Murphy: We have to get out of the habit of allocating blame; we shouldn't look to shirk responsibility

Rory Murphy, trustee chairman of the Merchant Navy Officers Pension Fund, tells Stephanie Baxter why trustees must take more responsibility and not shift blame onto advisers and managers.

Investment managers and consultants have been getting a lot of flak over the Financial Conduct Authority's (FCA) damning final report on its asset management study. Conflicts of interests, low price...

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