Is DC governance up to scratch?

Helen Morrissey asks if the ‘trust good/contract bad’ philosophy is still true

Helen Morrissey
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For as long as I have been writing about pensions there has always been an implicit view that trust is better than contract.

On the face of it, it's easy to see why people believe this. Members of trust based-schemes have a board of trustees overseeing the scheme on their behalf while those in contract schemes are left t...

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