Anna Rogers comments in Professional Pensions re How trustees can avoid becoming victims of group think
Anna comments in Professional Pensions on how behavioural economics can avoid making risk-inducing mistakes, namely groupthink.
Anna warns that pensions trustees should not go from group think to needless conflict.
“There is normally a lot of conflict of interests around the table and vested interests where people want things to stay as they are and one really wants to rock the boat. In some ways there are probably very good benefits of that.”
“If people go around rocking the boat all the time in order to generate disputes then that is not good either. I think we can beef up on trustee governance not by having tick boxes but asking: ‘are we running things the best we can and could we be more proactive’?”
Read the full article in Professional Pensions here.
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