Trustees face an ever more daunting task

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The importance of the role of trustees in UK defined benefit (DB) pension funds was highlighted in 2007: the Local Authority Pension Fund Forum (LAPFF) in particular encouraged trustees to engage with companies over merger and acquisition activity.

The potential for trustees to scupper M&A activity in order to protect the company's pension fund was highlighted by their involvement in the Sainsburys, telent and Boots acquisitions. Tough jo...

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