Managing deficits

Andrew Short asks an expert panel about the role of the trustee in protecting member interests.

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PP senior features writer Andrew Short talks to Helen James, independent trustee at Law Debenture UK, Jay Shah, co-head of business origination at Pension Insurance Corporation, and Roderick Morton, partner at Herbert Smith, about the role of the trustee in protecting member interests.

AS: What are the trustees’ fiduciary duties to a scheme in deficit when continuing to pay full pensions can reasonably be expected to increase the deficit over time? HJ: The trustees – with the ...

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