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Phil Farrell: Trustee boards need governance that enables good decisions, not simply demonstrates compliance
Ask ten trustees what good governance looks like and you will probably hear the same answers – comprehensive papers, detailed minutes, well-defined policies and regulatory compliance.
All of those matter, of course, but they do not necessarily mean a scheme is well governed. In 2026, the biggest governance risk facing many pension schemes is not a lack of process. It is havin...
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