How to Recognise and Deal with Conflicts of Interest
The Role of pension scheme trustees has become increasingly difficult in recent years. Investment losses, increasing liabilities and costs, increased regulation and fear of litigation are just some of the issues trustees have been grappling with. For trustees of defined benefit schemes this has meant looking at options to deal with deficits, restructure or even wind-up schemes. These all bring their own complications and one issue that often arises in such a situation is conflict of interest. This discussion will focus on the role of the trustee and how to recognise and deal with conflicts of interest.
Lay trustees are always trying to do their best in a difficult situation and often without appropriate help and support. This discussion will be designed to provide that help and support both from the speakers’ own experience of such situations and the experience of fellow trustees. The discussion will be limited to a maximum of 50 lay trustees and will not include any professional advisers in order to allow trustees the freedom to openly share their own experience and concerns.