As gatekeepers of schemes, trustees must juggle investment strategy, liability management and, perhaps most importantly, make sure beneficiaries receive their pension on time.
Law firm Charles Russell has lost its head of pensions Kris Weber to rival Hammonds.
The Pensions Regulator's hardline stance on enhanced transfer value exercises could leave trustees vulnerable to legal action should an employer fail, a lawyer warns.
Trustees should focus their attention on the key equalisation issue rather than dwell on the ruling of the Foster Wheeler case, Hammonds says.