Trustee

The majority of this week's respondents said it was unnecessary for schemes to nominate a devil's advocate when making big decisions.

This week Buzz respondents defended tax-free lump sums fiercely.

Taha Lokhandwala says the industry must work together

Trustee boards should have an appointed "devil's advocate" when making decision to provide opinions which do not follow previous convictions, Buck Consultants says.

In a presentation at last week's PMI Autumn Conference, Buck Consultants principal Marcus Hurd presented some ideas on trustee psychology.

Activist and trustee Philip Meadowcroft urges asset owners to engage in some public blood letting.

The majority of contributors said that having completed The Pensions Regulator's (TPR) trustee toolkit was not in itself a guarantee of a trustee's competence.

Trusteeship in the UK is much more structured and rigorously regulated than in the US but takes longer to get to grips with, according to Prudential Fixed Income head of liability-driven investment (LDI) Gary Knapp.

Sponsoring employers have been urged to apply pressure on trustees to make sure the full flexibility allowed in actuarial valuation assumptions is used, advisers say.

This week respondents demonstrate they are less than impressed with the idea that scale is the answer to all schemes' problems.