Trustee paternalism harming schemes - EXCLUSIVE

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Trustee paternalism and conservative decision making has contributed to the demise of many defined benefit schemes and harmed members in the long term, a consultant says.

Xafinity Paymaster client services manager Nigel Clarkson said trustees' overriding thought has always been for the good of members but being overly cautious about derisking has harmed them. He s...

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