March 1, 2014
It is an oversimplification to say that trustees have a difficult job. If you do the job right, it is inevitable that some people are going to be upset with you. If you do the job wrong, you could be in breach of your fiduciary duty. At a recent conference, a long-time trustee commented that “it isn’t fun anymore.” I don’t know if it ever was “fun” but I do know what he was saying. These are incredibly challenging times and that makes the already difficult job of a trustee even harder.
Read Ethics and Fiduciary Issues for Pension Trustees in a Changing Environment.