To PCST or not to PCST?

Annabelle Hardiman says the key question is whether the current governance model remains fit for purpose

clock • 5 min read
Annabelle Hardiman is a trustee director and head of PCST services at Independent Governance Group (IGG)
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Annabelle Hardiman is a trustee director and head of PCST services at Independent Governance Group (IGG)

The governance of occupational pension schemes has rarely been under greater pressure. Increasing regulatory scrutiny, political change, heightened member expectations, complex investment strategies and the long-term nature of pension liabilities place significant responsibility on trustee boards.

This has been compounded by macroeconomic change. For instance, following the recent spell of higher interest rates, many defined benefit (DB) schemes are now looking at a significant surplus for t...

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