Trustees who do not do enough to squeeze the fees charged by advisers are not fulfilling their fiduciary duty, says the former Pension Protection Fund (PPF) head of restructuring.
Writing in this week's PP, Richard Favier says trustees are too reluctant to even discuss fees with solicitors, accountants, actuaries, administrators or investment managers. He says the problem...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
