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Actuaries want rethink on Myners&#39 trustee approach

The actuarial profession has expressed its concerns over the Myners

report&#39s approach to the role of trustees in smaller pension schemes,

claiming it takes a “one size fits all” approach

The Faculty of Actuaries says a number of the proposals outlined in the

report seem impractical and inappropriate for smaller pension schemes.

The faculty believes proper training should be made available to trustees,

with a focus on ensuring that enough time is made available to both

member-nominated and management-appointed trustees to carry out the job

properly.

President David Kingston says: “While the profession generally welcomes

Myners&#39 recommendations on the role of trustees, they need modification for

medium and smaller-sized schemes.”

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