Pension trustees must champion higher standards
Briefly

Pension trustees must champion higher standards
""Pension trustees influence the direction of the entire market,""
""The expectations they set determine how products are designed, assessed, and governed.""
""When trustees raise standards, the entire industry adapts.""
""These shifts highlight the importance of stronger governance and more consistent product construction.""
Pension trustees are a critical point in the financial system with the power to influence the design, assessment, and governance of investment products used by millions of savers. Volatile interest-rate cycles, rapid expansion of complex investment structures, and greater scrutiny of charges have altered member expectations and increased the importance of structure, governance, and suitability in retirement planning. Retirees face longer income drawdown periods and multi-decade risks, while member engagement demands clearer information and accountability. The large scale of assets under trustees amplifies the effects of allocation and product decisions on member outcomes and broader industry behaviour.
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