Trustee Reliance on Expertise
In today's complex pensions landscape, trustees must make well-informed, independently accountable decisions.
Louise Davey notes:
The goal is not to draw rigid lines, but to maintain role clarity
Trustees must balance their own expertise with external advice, leveraging experience, technical insight, or specialist interpretation to inform understanding.
Key considerations include:
- Legal expertise
- Actuarial expertise
- Investment expertise
- Covenant expertise
Author's summary: Trustees must balance internal expertise with external advice.