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U.K. Pension Trustees Need To Be More Competent, Study Says

The average U.K. pension fund trustee needs to be better educated in financial matters to be "informed consumers of financial advice and decision-making," as proposed in the U.K.'s 2004 Pensions Act, according to research by Oxford University.

The average U.K. pension fund trustee needs to be better educated in financial matters to be "informed consumers of financial advice and decision-making," as proposed in the U.K.'s 2004 Pensions Act, according to research by Oxford University. The report suggests that plan sponsors should consider the education and qualifications of trustees more closely and should develop guidelines to determine their competency.

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