Trustees flunk competency tests

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UK - Two thirds of UK pension fund trustees have never been subjected to a performance review or even expect to, according to research carried out by consultants Watson Wyatt and the Cranfield School of Management.

Watson Wyatt claims that the survey results are proof that a new culture of fund governance has to emerge and that the trustee role should be equated to that of a non-executive director of a plc, a...

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